|
| This query is : Resolved
|
|
Venkateswara Rao Sapare
( Author )
21 June 2012
|
In the case of a company having a share capital, the Memorandum shall state the amount of share capital with which the company is to be registered and the division thereof into shares of a fixed amount.
Does this condition apply in case of an unlimited company?
|
|
|
|
CMA. CS. Sanjay Gupta
( Expert )
21 June 2012
|
No not applicable to Unlimited Company.
Read Section 13(4)(a) of the Companies Act 1956 which states that unless the company is an unlimited company, the memorandum shall also state the amount of share capital with which the company is to be registered and the division thereof into shares of a fixed amount".
|
|
|
|
|
Previous
Next |
|
You need to be the querist or
approved
CAclub expert to take part in this query .
Click here to login (
 ) now
|
| Similar Resolved Queries : |
|
|
|
