sidhigiri (Ipcc) (236 Points)

28 January 2019  

A company was incorporated on 15 Jan 2019 with 10000 paid up share capital having 2 share holder (rs 5000 each share capital)

now on 20 Jan 1 shareholder open company's bank account with Rs 20000  now INC 20A said that no Company can exercise borrowing if INC 20 A is not filed.

 now how to treat the 10000 excess deposited in the company bank account?