We are two directors of a newly incorporated company currently completing post-incorporation compliance, including INC-22A. Our paid-up capital is ₹50,000, contributed equally in a 1:1 ratio, i.e., ₹25,000 each. For convenience, one director issued a cheque for ₹50,000 to the bank, while the other director transferred their share of ₹25,000 to the director who issued the cheque.
How can we document this arrangement to prove that both directors contributed equally to the paid-up capital? Is the solution of providing bank statements and a declaration sufficient to meet compliance and legal requirements under the Companies Act, 2013?
We would appreciate your guidance on this matter to ensure proper documentation for post-incorporation filings.
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Clarification on Documentation of Paid-Up Capital Contribution by Directors