share allottment in cash
This query is : Resolved
12 March 2009
Can we allot the share to the initial subscriber against the cash(Not cheque) received from them for creation of the company?
Can we allot the shares to the applicant against cash after incorporation for further increase of paidup capital?
Is law forbid for allotment of share against cash?
Can we allot the shares to the applicant against cash after incorporation for further increase of paidup capital?
Is law forbid for allotment of share against cash?
17 March 2009
there is no restriction you can take the allotment money in cash
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