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share application money

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(Querist)
22 December 2008 Can a private limited company can accept share application money in cash?

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CS Arpita Rajpurohit

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CS Arpita Rajpurohit (Expert)
23 December 2008 yes it can
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CS Vivek Hegde

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CS Vivek Hegde (Expert)
23 December 2008 Continuing Ms Arpita...for allotment of shares for the application money received there should be a bank account in which the said money should b deposited..
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