issue of share capital
This query is : Resolved
himanshu gupta
(Querist)
18 July 2011
in what time Ist share capital is to issued while incorporating private company. Mode of receiving payments in respect of those shares?
RG - A Helping Hand
(Expert)
23 July 2011
It is very simple. After receiving incorporation certificate from ROC pass a resolution in the first board meeting for opening a bank account of company.
After opening bank account deposit Rs. 1 Lakh as min paid up capital and make nevessary accounting entry in the books of accounts.
Also issue share certificate to the first subscribers of shares.
After opening bank account deposit Rs. 1 Lakh as min paid up capital and make nevessary accounting entry in the books of accounts.
Also issue share certificate to the first subscribers of shares.
himanshu gupta
(Querist)
24 July 2011
but there is a case in which co. incorporated last year (in NOV.)but not recd any cheques for issue of share capital. cheques are recd in next year. now what to do?
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