Shareholder did not induce their amount of subscription.

    Posted By : Deepak / Published on : 15-Nov-2017 01:17 AM / View : 233 / Comment : 1
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    Dear Professional friends, My client registered a company in Aug 2017 wherein there were three subscribers; A, B, C. B & C didn't transfer their amount of subscription into the company Bank account. Also, they are not willing to cooperate in signing in any document neither for share transfer etc. What remedy A has in this case?
    Read more on : subscription amount their induce shareholder

    • Dear Deepak,

      The simple way out is to complain to the concerned ROC if B and C are not willing to transfer the shares. Subscription amount shall be deposited within the period of 60 days from the date of incorporation.

      Best, Gaurav.

      16-11-2017 / 12:21:15 AM

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