Companies will not be able to receive share app money in cash

CA Nitesh Kumar More , Last updated: 08 November 2013  
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Penalty upto 2 crores: Private/Public Ltd. Co. will not be able to receive share application money in cash, utilize share application money for business will have to open separate a/c for share application Many of the private limited companies receives share application money in cash, depo

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Published by

CA Nitesh Kumar More
(Chartered Accountant)
Category Corporate Law   Report

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