Subscribed capital in moa is not paid
This query is : Resolved
NAGARAJU ENAGANDULA
(Querist)
23 September 2017
Hi sir, I have incorporated a Public Limited Company in Feb, 2016 with subscribed capital of Rs. 30,00,000. The shareholders have not paid the subscribed amount till today. What is the accounting treatment for this transaction? What is the maximum time limit to pay the subscribed capital to the company after incorporation?
Amol S Joglekar
(Expert)
14 November 2017
no any entry for the non subscription of shares.
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