When a private limited company is issuing further shares through private placement, whether actual receipt of money in a separate bank account shall be considered as share application money or cheque in hand also constitutes the same.
When a private limited company is issuing further shares through private placement, whether actual receipt of money in a separate bank account shall be considered as share application money or cheque in hand also constitutes the same.
Share Application Money should be received in bank account.Mere receipt of cheque in hand is not a compliance in order to allot shares.
T R SOOD & CO
New Delhi
CA Inter
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Shyam Joshi & Associates
Pune
B.Com
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