A private limited company with paid- up capital of RS.100000/- have two director and both the director is also a shareholder equally in the company.
Company is needed some investment for starting a new project.
Both the director have decided to introduce a new director and shareholding of new director shall be 30% of the company.
investment by the new director/ shareholder will be 15,00,000/- .
now. the quote is.
1) How can he invest in the company with of RS. 15,00,000/- with hoding of just 30%.
with premium whether it justified with such increase in capital.
4) Is their any chances for income tax notice for such deposit in bank account.
thanks.
CAclubindia
