Dear All,
Greetings!
We are starting a company with a type PVT limited with Shares. I want to know that I am filling htis detail in Form 1A but want to know what activity is involved for shares. Well actually do I have to create shares etc and how is that done.
Appreciate your responsis.
Regards
Raj
As Minimum paid up capital for pvt co. is 1 Lac.
At least Rs. 1 Lac should be deposited in the bank a/c of the company from the bank a/c of 2 subscribers nearly at the time of incorporation of the company and enter the same in the first board meeting of the company.
In company law there is no concept of creation of shares.
Please find enclosed the minutes extracts.
CAclubindia
