Share capital money

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CS
461 Points Joined June 2010

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

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On 04 March 2011 at 12:14 Report
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COMPANY SECRETARY NCFM (Corporate Gover
664 Points Joined October 2008
Company can be incorporated with minimum 1 lac padi up in case of pvt ltd that one is violated its ground for winding up.
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On 04 March 2011 at 13:31
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CS
461 Points Joined June 2010

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

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On 04 March 2011 at 15:32
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COMPANY SECRETARY NCFM (Corporate Gover
664 Points Joined October 2008
Read section 3(5)which clearly mention that its ground of winding up.
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On 04 March 2011 at 15:57


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