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?
CAclubindia
