Can share money of a pvt ltd. co. be received in cash?
This query is : Resolved
RINESH DHANESHA
(Querist)
08 January 2015
I would like to know that whether the share money received by a "Private Limited Company" at the time of its incorporation from its members, can be received by the company in cash? or is it mandatory to receive the same in bank?
CS Mitesh Mehta
(Expert)
17 January 2015
COMPANY CAN'T RECEIVE SHARE APPLICATION MONEY IN CASH
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