Company formation

Hi

I want to know one thing. If I incorporate company of 5 lakh. capital. As soon as Company form I need to credited in my company bank account amount of 5 lakh.

What if I transfer amount 10 Lakh from promoters. How it will be consider

Thanks

 

Replies (2)

Hi

It can be treated as unsecured loans from directors.

 

 

Thanks Bhanu,

Tell me more if the company is 100% foreign subsidary and promoter put the more money. So how it will be consider..

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