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)

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.



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01 May 2012 agree with 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)

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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