Paid up capital

pallav (still a learner....) (938 Points)

20 July 2015  

A Private Ltd was formed in March 2015. The Paid up capital was 10 Lakhs,

My query is..

1. That within how many days the amount of paid-up capital should be deposited in Company's Bank Account.

2. If the amount is still not deposited in bank,,what are the consequences of this..