Share application money
M IKHLAQ (LEGAL PROFESSIONAL) (25 Points)
09 March 2016
In Private limited company can a director pay cash toward payment of shares alloted to him
prakash
(Company Secretary)
(1352 Points)
Replied 10 March 2016
No, the payment should be through bank channals like cheque, online tranfer to companies account etc.
M IKHLAQ
(LEGAL PROFESSIONAL)
(25 Points)
Replied 10 March 2016
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
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