Respected All,
1) Can Pvt Ltd Co can Allot shares on Cash Bases,
2) Now suppose Shares Allotted toDirectors against cash 6 months prior, but provision of section 75 not followed, what will be the penalty.
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Share Allotment by Cash
Replies (1)
Yes of course Pvt. Company can issue shares on Cash.
For not filing Form 2 in time there will be additional penalty base on Authorised Capital of the COmpany which you can calculate in below link:
https://www.mca.gov.in/DCAPortalWeb/dca/enquireFeeActionWithoutLogin.do?method=NoneFormFeeSelection&sessioncheck=yes
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