Share capital
This query is : Resolved
24 August 2012
There are 2 share holders. Since minimum share capital should be 1 lac, both the share holders contributing in the ratio of 1:1 for a new pvt ltd co.
Should this contribution only be in cash or it can be in kind ? i.e. Can any asset be contributed ?
Should this contribution only be in cash or it can be in kind ? i.e. Can any asset be contributed ?
24 August 2012
Share capital may be in KIND. At the inception it is really very difficult to prove the PAID UP capital in kind.
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