Related to 269ss
This query is : Resolved
19 September 2014
Sir, i have a company newly incorporated having share capital of Rs.100000 and 3 directors. All the 3 directors have spent some amount of money in cash for meeting business expenses of company as company had no cash of its own.
My question is how can i introduce this amount of money in company without
attracting Sec 269SS as all the payments made are exceeding Rs.20000.
My question is how can i introduce this amount of money in company without
attracting Sec 269SS as all the payments made are exceeding Rs.20000.
19 September 2014
since these take form of loan only sec 269 SS is applicable any how
20 September 2014
can i accept it as share application money and account it n move further
22 September 2014
no u cannot take it as share application money since no shares were issued and roc was not informed in time so there is njo option left with u.
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