There is no prohibition/restriction under the Companies Act, 2013 for receiving the subscription money in cash (i.e., not through account payee cheque or other banking channel).
However, the company and/or subscriber(s) has(ve) to comply with the provisions of the Income Tax Act, 1961 with regard to cash transaction.
subscription
money
cash
receiving
under
companies
prohibitionrestriction
As per the first proviso of rule 6(1) of the Investor Education and
Protection Fund Authority (Accounting, Audit, Transfer, and Refund)
Rules, 2016 where the beneficial owner has encashed any dividend
warrants during the last seven years, his or her shares are not liable
to be transferred to the fund.
In this case, if any shareholder encashes any dividend warrants after the expiry of said seven years, would his shares be liable to be transferred to IEPF or not?
after
years
iepf
transferred
dividend
encashment
I have certain amount in my e-cash ledger, can I use this amount for the payment of tax on RCM basis?
Click here to view / answer Share it on
Hi members
Is it necessary for a partner to bring its contribution in the Limited Liability
Partnership in cash?
Regards!
Vidushi
cash
contribution
bring
partner
Dear Professionals,
What are the rules & Provisions made under FEMA for FDI in Cash & Carry Wholesale trading business in India
Respected Members,
Can we allot shares for Consideration other than cash to existing shareholders through the right issue u/s 62(1)(a) route or we have to follow u/s 62(1)(c) preferential allotment?
Dear Members,
Can a private limited company issue shares for consideration other than cash to a director who is not a shareholder?
Will it be covered by preferential issue U/S 62(1) (c)?
Thank you!
Dear all,
Can we, at the time of incorporation, issue shares against any asset at the time of Incorporation ?
Hi everyone,
Can we issue shares for consideration other than cash on right basis?
Dear Members,
Can anybody provide me documents for issue of Sweat Equity Shares for consideration other than cash alongwith the check list
I will be grateful
Dear all
Can Right issue of Shares be done for consideration other than cash. What shall be the procedure?
Kindly advise.
A company's turnover exceeded 2 cr. in FY 2019-20. Will cash flow be applicable to it for FY 2019-20 or for FY 2020-21??
applicability
flow
cash
