advance against share capital
This query is : Resolved
Hareen Bhalla
(Querist)
14 October 2008
whether a company can accept advance against share capital even if its authorised capital is fully paid up ?
14 October 2008
No.
S.Srinivasaraghavan
(Expert)
14 October 2008
Advance for what?
Hareen Bhalla
(Querist)
15 October 2008
It is the violation of which section of the Companies Act 1956 ?
S.Srinivasaraghavan
(Expert)
15 October 2008
PLease clarify the advance is from whom and against which company's capital
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