Issue of shares for cash


This query is : Resolved 

(Querist)
15 April 2019 In case of a Pvt Ltd Company, if it does a fresh issue of shares to its shareholders, is it allowed to do it for cash or is it compulsory to issue shares for Account Payee cheque only?

Rupesh Jain (Expert)
15 April 2019 its better to take through banking channel.


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