Incorporation of sec.25 company

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

28 September 2013 If my authorised Capital of the company is 50 crore than at the time of filing for incorporation i need to pay any amount to ROC or i just need to pay the form fee ???
And if i need to make the any payment to ROC than why ???

Ajay Mishra

Ajay Mishra (Expert)
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28 September 2013 Hi

Yes, you will pay ROC fee.

As per the provision of section 3 of the Companies Act, 1956, a private company is required to have a minimum paid-up capital of Rs. 1Lakh and Public Company is required to have minimum share capital of Rs. 5 Lakh. However section 25 companies have been exempted from this requirement regarding minimum share capital by virtue of sub-section (6) inserted by Companies Amendment Act of 2000. As such they can be registered even if they have share capital less than the statutory minimum.

Companies registered under this section need not have their Memorandum and Article of Associations stamped under Article 39 of the Indian Stamp Act, 1899.