Share capital
This query is : Resolved
18 November 2015
What are the consequences of accepting the share capital in the form of money(cash) according to the Comapnies Act, 2013?
18 November 2015
1.Penalty u/s 42(10) is amount involved or two crores which ever is higher.
2. To repay the money with in 30 days of the order imposing penalty.
2. To repay the money with in 30 days of the order imposing penalty.
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