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Co. without share capital

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(Querist)
20 September 2012 is co. can formed without issuing shares?
is it ok to file b/s without paid up share capital as payment is not recd before 31st march.
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CA NEERAJ K DIXIT

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CA NEERAJ K DIXIT (Expert)
20 September 2012 ITS NOT POSSIBLE.MINIMUM PAID CAPITAL IS NECESSARY.

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