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    Subscription money_ Foreign subsidiary

    Posted By : Anuradha / Published on : 24-May-2022 12:50 PM / View : 302 / Comment : 1

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    Can a foreign subsidiary incorporated in India receive its subscription money in installments?
    Read more on : subsidiary foreign money subscription

    • Dear 

      Yes share can be received in installments

      However the company shall not be able to commence its business.

       

      Business can only be commenced after the company has received all the subscription money in the bank account and the company has filed INC-20A(TO BE FILED WITHIN 180 DAYS OF INCORPORATION).

      13-06-2022 / 05:21:03 AM
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