Annual return & issue of share capital
This query is : Resolved
22 January 2016
A private limited company is incorporated on 20th march 2015.
My first query is for which period we have to file annual return 20.03.2015 to 31.3.2015 or 20.3.2015 to 31.3.2016.
Second query is Bank account is opened in the month of may 2015 and directors have paid 95 % share captal through cheque and rest with cash. Share capital is Rs 0ne lac and there are two directors. If we have to file annual return for the period 20.3.2015 to 31.3.2016 then how can we show the share capital in the balance sheet.
My first query is for which period we have to file annual return 20.03.2015 to 31.3.2015 or 20.3.2015 to 31.3.2016.
Second query is Bank account is opened in the month of may 2015 and directors have paid 95 % share captal through cheque and rest with cash. Share capital is Rs 0ne lac and there are two directors. If we have to file annual return for the period 20.3.2015 to 31.3.2016 then how can we show the share capital in the balance sheet.
27 January 2016
1. 31/03/2016 is the first answer of your query.
secondly, cash is not allowed by the director to invest in the company. so it is advisable to comply income tax act, all payment introduced by director should be made by cheque though the amount is unsecured loan.
3. the amount is shown As per the Schedule of New Companies Act, 2013 and covered under the head "Shareholders Fund" under Share Capital
secondly, cash is not allowed by the director to invest in the company. so it is advisable to comply income tax act, all payment introduced by director should be made by cheque though the amount is unsecured loan.
3. the amount is shown As per the Schedule of New Companies Act, 2013 and covered under the head "Shareholders Fund" under Share Capital
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