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Need Help on a Paid-Up Capital vs Initial Deposit Confusion Hi everyone! Iโve just incorporated my private limited startup and Iโm in the process of opening our company current account. The bank (Kotak Mahindra) requires a mandatory initial deposit of โน2,00,000 to activate the current account. However, as per our MCA incorporation documents, our declared paid-up capital is only โน1,00,000 (โน50K each from two founders). ๐ My question is: If I deposit โน2L first (as required by the bank), will that conflict with the requirement to show the โน1L paid-up capital? Can I still transfer โน50K + โน50K after that and treat it as paid-up capital โ even though it won't be the first transaction? Also, how should the initial โน2L be recorded in the books โ director loan? advance? Would love clarity from anyone whoโs dealt with this! Thanks in advance ๐
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Are there any Bank official who works in loan department? had one doubt. Please answer it below Doubt : If a business needs 45cr capital, and i need 2cr loan from a bank ( Paid-up capital is just 6 crore, and 38cr loan is sanctioned from a bank ). S
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Can I Start Up with โน50K Monthly Income & โน5 Lakhs Capital? Hey founders and hustlers, Iโm currently earning โน50K per month and have saved up โน5 lakhs as capital. I'm passionate about starting my own venture โ but Iโm wondering, is this enough to:
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Hi everyone , We are facing issues in opening a current account for our startup with Kotak Mahindra Bank. The process has been delayed for weeks due to backend technical issues, and itโs affecting our operations. ๐ Has anyone here faced similar pro
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#9TDAYVC- DAY10 ๐ฏWhat is meant by Blind Pool? ๐ฏWhat is Draw Down? ๐ฏCapital Commitments: Capital Commitments under less than 1 Crore is not acceptable under AIF.Employees or Directors of the AIF should Invest a minimum of 25 lakhs. 20 Crores
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8 Startup-Friendly Banks in India 1. YES Bank Startup Banking https://www.yesbank.in/business-banking/startup-banking 2. HDFC Bank SmartUp https://www.hdfcbank.com/personal/pay/cards/startup-services/smartup 3. ICICI Bank InstaBiz for Startups htt
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