Subscribers to the moa
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 August 2016
What are the relevant provisions under the Companies Act, 2013, if any member whose name is entered in MOA as subscriber failed to pay the amount of subscription?
30 August 2016
Time period of issue a share certificate (Section 56 (2)) Subscriber to the memorandum :- 2 months from the date of incorporation
Penalty: Company: – 25,000 Rs but which may extend to 5,00,000 Rs Officer :- 10,000 Rs but which may extend to 1,00,000 Rs
Penalty: Company: – 25,000 Rs but which may extend to 5,00,000 Rs Officer :- 10,000 Rs but which may extend to 1,00,000 Rs
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