About section 143(1)

Sir in section 143(1) first point share issue for cash here amount recieved from shareholder cheque is also covered ?

1 answer

Ravi Staff December 1, 2018

Here shares issued for cash means , shares issued for “money” in any form whether cash , cheque, DD, online transfer etc. 

It simply means shares which are issued for consideration other than kind .ie Share issued for money.

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