Equity investment in private limited company

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CA
505 Points Posted on 19 May 2018

Can a Private Limited Company registered in India accept investment from Equity Investors in cash mode? Investment will be a large sum of money and investors are also based in India. 

If investment is received in cash, will the investor and investee have to explain the source from which cash is earned?

 

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On 19 May 2018 at 13:40 Report
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Chartered Accountant
2301 Points Posted on 19 May 2018
As per section 269ST, no person shall receive an amount of Rs. 2 Lakh or more;
1) Single person in a day
2) Single transaction
3) One event or occasion
Any person who receives above Rs. 2 lacs in cash will be liable to penalty equivalent to the amount received.
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On 19 May 2018 at 16:59
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CA
505 Points Posted on 20 May 2018
Thanks Sunil Kumar for your response
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On 20 May 2018 at 11:35

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