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Issue of shares for cash

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(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?
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Rupesh Jain

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