Subscription of moa
This query is : Resolved
20 December 2017
Can a subscriber of MOA gives his subscription in cash? if yes please refer the relevant sec/rule.
20 December 2017
There is no prohibition in the Companies Act, 2013 for receiving the subscription
money in cash. However, the Company and / subscriber(s) has/have to comply
with the provisions of the Income Tax Act , 1961 with regard to cash payments
/receipts.transaction.
money in cash. However, the Company and / subscriber(s) has/have to comply
with the provisions of the Income Tax Act , 1961 with regard to cash payments
/receipts.transaction.
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