Consideration for the purchase of shares
Querist : Anonymous
Whether the consideration for the purchase of shares can be paid in Cash.
If no, why?
Please guide..
Thanks in advance
Yes, you can paid consideration in cash for purchase of shares. But as per new rule you can made purchase shares only upto Rs. 50000/- in a financial year.
Querist : Anonymous
Kindly refer the rule mentioned by you and please elaborate.
Querist : Anonymous
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