Senthil Nathan (Other) (32 Points)
29 April 2009For registering a private limited company minimum equity capital required is Rs 1,00,000 and minimum of members and 2 directors are required. But I want to know.
1. What is the minimum number of shares that one member need to subscribe. ( either in muber of shares or percentage of shares )
2. What is minimum required contribution from each member towards equity capital (minimum amount in rupess that each member must invest in a newly registerd pvt ltd company ).
Ankur Garg
(Company Secretary and Compliance Officer)
(114773 Points)
Replied 29 April 2009
No minimum number of shares that one member need to subscribe is provided by the Law.
See the example: Suppose face value of your share is Rs. 10 then you need to issue 10000 shares to the subscriber. In that case you may make any combination like:
1000---9000
2000---8000
3000---7000
OR
0001---9999
means 1000 shares to first subscriber and 9000 shares to the second subscriber.
If you still have a doubt then please post it.
Regards
Sumit Jain
(CA)
(4760 Points)
Replied 29 April 2009
no minimum requirement
one member may have only one share also
rest to an other member
Senthil Nathan
(Other)
(32 Points)
Replied 29 April 2009
thanks for clearing my doubt.
one of my friend told that each member must subscribe at least Rs 10,000 irrespective of number of shares subscribed and irrespective of authorized capital of the company. that is why i raised this question .now it is clear to me that there is no minimum limit to subscripttion amount (total value). thanks Ankur and Sumit.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
