LawRato

What to do if a company has not received subscribed capital from 2015?


15-Dec-2023 (In Corporate Law)
what if company has not received any amount regarding subscribed capital till date, company was incorporated in the year 2015?? Can the company receive the same in cash & repay the same to the shareholders in cash??
Answers (1)

Answer #1
947 votes
Permit me to offer my humble respects and salutations to you,

The appointed company secretary and manager would come under scrutiny of Prevention of Money Laundering Act. Further documents and details would be required to understand the nature of operation s of the Company and whether concessions could be taken and granted by Hon'ble Ministry.

Trust to be of assistance and thank you for the opportunity to be of service to you.

Best
Helpful? LawRato LawRato

Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at lawrato.com and has been responded by one of the Divorce Lawyers at lawrato.com to address the specific facts and details.

Report abuse?

Comments by Users

No Comments! Be the first one to comment.

"lawrato.com has handpicked some of the best Legal Experts in the country to help you get practical Legal Advice & help."