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Share capital money

542 views 3 replies

Good Afternoon Experts,

If a private limited company has been set up during the year and share capital towards subscripttion to memorandum has not been received by the year end (31st March), what will be the consequences? Will it also have any impact on year end accounts reporting?

Thanks

Replies (3)
Company can be incorporated with minimum 1 lac padi up in case of pvt ltd that one is violated its ground for winding up.

sorry,

I didn't get you, You mean to say inability to bring in share capital money would prove to be a ground for compulsory winding up.

Thanks

Read section 3(5)which clearly mention that its ground of winding up.


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