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??
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