Is it compulsary to transfer money from sponser 2 Busines Ac

[red poltergeist]

Hi,
I have a question, Is it compulsory to transfer funds to your business account from the initial sponsor who agreed to transfer the money?
In my case I have started the business (an IT Limited company) and started making enough money and I did not require the initial sponsor's money and I am on course to complete more than 50k investment and meet the Employment creation category also.

so Do I really have to transfer money from my original Sponsor who is from India to my business account even though I have invested the 50K and don't need the sponsors money any more.

Please clarify me this.

[red poltergeist]

Admins any idea regarding my question?

Please let me know about it.

Thanks

[julesxander]

Yes

[n8net]

should the transfer been taken place within a certain period ? or is it ok by the time of extension, money is transfereed ?

[n8net]

any gurus with advice please ?

[legalkhan]

Well,
I don't believe its compulsory as long as you have made the required investment and have got all the relevant investment documents/management accounts. For initial application these things do matter i.e sponsor/own money etc. but after getting visa, it really doesn't matter. It could be possible that the sponsor cease the availability of money at certain point due to some reason in such case you would definitely arrange the remaining money some where else. Common sense says that UKVI should be interested in investment not in your sponsor as long as have all the investment docs.