Finance company
This query is : Resolved
Raj Kumar G S
(Querist)
08 August 2012
Dear Sir,
Please suggest me that a finance pvt ltd company can accept share application money from individuals are not.
If company can accept means upto what is the limit by cash from individuals
Regards
Raj Kumar
Please suggest me that a finance pvt ltd company can accept share application money from individuals are not.
If company can accept means upto what is the limit by cash from individuals
Regards
Raj Kumar
Amol S Joglekar
(Expert)
08 August 2012
Yes it can. For cash there is no limit as such. (The giver of the cash should be able to prove the same in case asked for by the income tax department.)
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