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Mohammad Arshad

Build Better Faster ... • 4m

Need Help on a Paid-Up Capital vs Initial Deposit Confusion Hi everyone! I’ve just incorporated my private limited startup and I’m in the process of opening our company current account. The bank (Kotak Mahindra) requires a mandatory initial deposit of ₹2,00,000 to activate the current account. However, as per our MCA incorporation documents, our declared paid-up capital is only ₹1,00,000 (₹50K each from two founders). 🔍 My question is: If I deposit ₹2L first (as required by the bank), will that conflict with the requirement to show the ₹1L paid-up capital? Can I still transfer ₹50K + ₹50K after that and treat it as paid-up capital — even though it won't be the first transaction? Also, how should the initial ₹2L be recorded in the books — director loan? advance? Would love clarity from anyone who’s dealt with this! Thanks in advance 🙏

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Replies (1)

Rahul Agarwal

Founder | Agentic AI... • 4m

This is a common scenario for startups. It’s best to clarify with both your bank and accountant how the initial deposit aligns with your paid-up capital, and to properly document any excess as a director’s loan or advance to keep records clear.

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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 it’s affecting our operations. 👉 Has anyone here faced similar pro

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