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
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
CCI
Pro
CAclubindia
