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Share application money

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 May 2012 Can a company accept share application money in cash?
and repay back in cash (as per Companies Act)
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Ajay Mishra

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Ajay Mishra (Expert)
01 May 2012 Hi


Yes, company can receive share application money in cash.there is no restriction on accepting share application money in cash.



Regards
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
01 May 2012 agree with expert.
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CA Kishore Tallam

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CA Kishore Tallam (Expert)
01 May 2012 There is no such restriction on share application money receipt in cash.
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Querist : Anonymous

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Querist : Anonymous (Querist)
03 May 2012 Can same be repaid back in cash ? ( as per companies act)
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Ajay Mishra

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Ajay Mishra (Expert)
03 May 2012 Hi

Yes, You can refund the same.
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Querist : Anonymous

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Querist : Anonymous (Querist)
13 May 2012 can you please give me referrence of which section does it work.
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