can equity capital be introduced in cash in a pvt ltd. co. amt Rs. 400000/-.
or if not can it be considered as a loan.
can equity capital be introduced in cash in a pvt ltd. co. amt Rs. 400000/-.
or if not can it be considered as a loan.
Yes, Equity Capital cab be introduced in cash. You need to file Form 2 Return of Allottment with MCA.
Secondly, you cannot give a loan to any person exceeding Rs.20,000/- in cash.
YOGESH KAPOOR AND ASSOCIATES
New Delhi
B.Com
View Details
T R SOOD & CO
New Delhi
CA Inter
View Details
R P S K & Associates
Nashik
CA Inter
View Details
CAclubindia
