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Share application money

Others 290 views 2 replies
In Private limited company can a director pay cash toward payment of shares alloted to him
Replies (2)

No, the payment should be through bank channals like cheque, online tranfer to companies account etc.

Dear Prakash,

I would like to record my appreciation for sending your valuable response to my query however I would like to add that would the condition of payment through bank stand during the financial year 2012-13.

Kind Regards,

Mohammad Ikhlaq

Advocate


CCI Pro

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