Partly paid up share capital - urgent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 September 2011
Whether subscribers of Pvt Co. to the memorandum, is required to bring full share capital subscribed as per subscription caluse of MOA in the capital immediately on incorporation/subscription and in how much period after the incorporation the full share capital shall subscribed by the subscribers as per MOA subscription caluse. If the authorised & subscribed capital is Rs. 25 Lakh, then can they bring minimum subscription of Rs. 1 Lakh as paid up Capital only in the form of partly paid shares?
Thanks!
Thanks!
19 September 2011
Subscribers to the memorandum, is required to bring full share capital subscribed as per subscription caluse of MOA in the capital as soon as possible.
Minimum paid up capital of a pvt. ltd. company should be Rs. 1 lakhs.
Minimum paid up capital of a pvt. ltd. company should be Rs. 1 lakhs.
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 September 2011
Whether subscribers of Pvt Co. to the memorandum, is required to bring full share capital subscribed as per subscription caluse of MOA in the capital immediately on incorporation/subscription and in how much period after the incorporation the full share capital shall subscribed by the subscribers as per MOA subscription caluse. If the authorised & subscribed capital is Rs. 25 Lakh, then can they bring minimum subscription of Rs. 1 Lakh as paid up Capital only in the form of partly paid shares?
Thanks!
Thanks!
20 September 2011
It should ideally be brought in within a period of 3 months though there is nothing specific mentioned.
In the MOA there must have a capital clause specifing the minumum capital of the company and that has nothing to do with authorised capital.
In the MOA there must have a capital clause specifing the minumum capital of the company and that has nothing to do with authorised capital.
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