Dear all,
I wsh to knw if there is any specific time limit for infusion of funds related to the subscriptttion done on signing of the memorandum???
Also what sections into the Companies Act deal with this??
Thanks & Regards
karan gandhi
Menu
Subscripttion capital from subscribers.
Replies (1)
There is not any time limit but its customary on the part of the company to show the subscripttion money as early as possible. After opening bank account the subscripttion money should be deposited.
Recent Topic
- PF withdrawal and tax liability
- Sale of Goods or Services?
- ITR form query
- Credit against paud RCM on rent
- Dividend difference in 26AS, AIS, TIS
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
Related Topics
CAclubindia
