Share capital on incorporation
This query is : Resolved
03 May 2017
Hello Experts,
In case of newly incorporated Pvt ltd company, can promoters contribute share capital in form of assets instead of cash?
Thanks in advance
In case of newly incorporated Pvt ltd company, can promoters contribute share capital in form of assets instead of cash?
Thanks in advance
05 May 2017
Yes. Securities can be allotted for consideration other than cash. -Section 62
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