How to deposit authorised share capital??


Aditya Sharma (finance advisory)     25 May 2019

Aditya Sharma
finance advisory 
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A COMPANY WANTS TO BUY A LAND, FOR WHICH IT HAS TO INCREASE AUTHORISED SHARE CAPITAL.

 

MY QUE. IS HOW TO DEPOSIT/ SHOW INCREASED AUTHORISED SHARE CAPITAL??

 

BANK ACCOUNT HAS NOT BEEN OPENED YET. DO WE NEED TO DEPOSIT ONLY IN BANK ACCOUNT??

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anoop (g.m accounts)     26 May 2019

anoop
g.m accounts 
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To increase authorised share capital, application is to be made in ROC along with the changed MOA and AOA. To increase paid up capital board and shareholder approval is required and only after that share application money can be taken

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Aditya Sharma (finance advisory)     05 June 2019

Aditya Sharma
finance advisory 
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Thanks for your reply sir, please tell do we need to take money only in bank account of the company????


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