I have opened a bank account for my private limited company and was not aware that transactions are not allowed before filing INC 20A. I made a few transactions to test ATM, internet banking, and online payments. What options do I have now?
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Ignore these transactions.
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Reverse the debit transaction.
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Upload NEFT/IMPS receipts instead of a bank statement.
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Open a new account.
My second query is, can a shareholder deposit their share capital in installments through multiple transactions?
CAclubindia
