Share allotment to subscribers of moa
This query is : Resolved
CA Prateek Garg
(Querist)
26 May 2016
Is there any time limit in companies act, after omission of section 11 and section 248(1)(b), regarding contribution of share capital by the subscriber to MOA.
Further can subscribers to MOA contribute their share capital in cash? According to Section 42(5) all monies payable towards subscription of share UNDER THAT SECTION has to be contributed via banking channel only and not in cash. But is this provision also applies in case of shares allotted to subscribers to MOA
Is it required to file PAS-3 for allotment of shares to subscribers to MOA.
Further can subscribers to MOA contribute their share capital in cash? According to Section 42(5) all monies payable towards subscription of share UNDER THAT SECTION has to be contributed via banking channel only and not in cash. But is this provision also applies in case of shares allotted to subscribers to MOA
Is it required to file PAS-3 for allotment of shares to subscribers to MOA.
Jatin Bajaj
(Expert)
26 May 2016
No there is no time limit after the omission of section 11 of Companies Act 2013. Subscriber to MOA can contribute their share capital in cash.
No subscriber to MOA need not to file Form PAS 3.
No subscriber to MOA need not to file Form PAS 3.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
