Share application in cash
This query is : Resolved
Amit Agarwal
(Querist)
21 January 2012
Dear Experts,
1) Can we take share application in cash and to what extent?
2) Authorised & Paidup Capital of a pvt ltd company is 200,000, in this situation can he invite share application from directors or relatives of directors?
1) Can we take share application in cash and to what extent?
2) Authorised & Paidup Capital of a pvt ltd company is 200,000, in this situation can he invite share application from directors or relatives of directors?
21 January 2012
1) Courts have given divergent decisions regarding acceptance of share application money in cash with respect to section 269SS of the Income tax Act,1961.
2) As a part of good governance, increase the authorized capital first.
2) As a part of good governance, increase the authorized capital first.
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