I would like to know whether share capital can partly be introduced by cash and partly in bank ?In that case how we can file INC-20A?Similarly by introduction of capital as cash can we file INC-20A? Please guide us and let us know the matters.Thank u.
30 January 2025
while you can give a declaration for introduction of capital in cash. but you need to keep Income-tax compliance thereof. Regardless, my simple advice. do not introduce capital in cash ever. its not a good business practice.
CAclubindia
