I have a query regarding the shares issued to the promoter directors of a private limited company. The memorandum has a subscription page wherein the promoter directors declare that they have subscribed to the shares. But as the company does not have a bank account, does this imply that share capital has been bought in cash.
Or is it just an undertaking that they will be subscribing to the shares.
25 July 2009
Sanjay Salgia: Cash Subscription by Directors
Looking current situation CA Exam is rescheduled: CA inter and final exams will from 21st Nov . CA foundation will be from 8th Dec 2020.
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