Deposit of share capital
This query is : Resolved
21 March 2019
Dear Expert,
Is there any time frame stipulated for depositing paid up capital in the bank account of a private limited company after incorporation but before commencement of business?
Thanks in advance.
Is there any time frame stipulated for depositing paid up capital in the bank account of a private limited company after incorporation but before commencement of business?
Thanks in advance.
21 March 2019
Yes, one hundred and eighty days of the date of incorporation. Inference - Section
10A (1)(a) of the Co's Act,2013.
10A (1)(a) of the Co's Act,2013.
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