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DD to RTGs ( NEED PVT LTD COMPANY with Surplus fund ) (ADV - Financial)

by tirupati, Wednesday, August 30, 2023, 12:40 PM (307 days ago) @ bhartisaurabh416

U r right that in case of ngo its not a issue at all bcoz it will be a donation.

However in case of a investment, thr r accounting rules of how much premium can be paid on the face value of the shares.

Lets suppose mr arun’s co has a paid up capital of 1L and has issued 10k shares at a face value of 10/share.

In such a scenario, that co cannot attract a investment of 150cr bcoz at the time of audit, auditor will have to mention it in form aoc4 and it will attract attention of pmla laws.

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