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    INC 20A

    Posted By : Kamal / Published on : 12-Feb-2022 02:07 PM / View : 998 / Comment : 1

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    I have Incorporated a new Company and I am in the Process to Open a Bank Account with HDFC BUT Bank Asking Minimum 25000 to Open a Bank Account but my Total Paid up Capital Itself is Rs. 5000 Only.

    Can Director Deposit More than Actual Payable or how to Sort out this Issue Because when Filling Form 20 a Bank Statement is Required.

    Please Help me in this Regard
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    • Dear Sir/ Madam,

       

      This is in reference to your query posted. In this regard, kindly note that director can deposit the amount excess to the their subscription amount, excess amount in such case be treated as loan from director.

      06-07-2024 / 04:59:59 PM
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