Aditya Sharma (finance advisory) 25 May 2019
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??
CAclubindia Online Learning offers a wide variety of online classes and video lectures for various professional courses such as CA, CS, CMA, CISA as well as various certification courses on GST, Transfer Pricing, International Taxation, Excel, Tally, FM, Ind AS and more. know more
anoop (g.m accounts) 26 May 2019
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