A Private Limited Company of my client incorporated on 30.10.2020.
All Subscribers to memorandum subscribed their portion of capital only on 05.05.2021.
I have to provide consultation to them to prepare Balance Sheet as on 31.03.2020.
Since there is no paid up capital as on 31.03.2021, means Balance Sheet without paid up capital.
will there be any intricacy or Repercussion of the same?
or it is normal feature.