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Subsciber to memorandum of association

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 August 2016 How much minimum percentage of shares to be subscribed by the subscriber for a Private company incorporating with Authorised Capital Rs1,00,00,000/- divided in to 10,00,000 Equity shares of Rs10/- each.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
23 August 2016 No such minimum vide amendment in section 2(68) made by Co's Amendment Act,2015. As such one share each will legally suffice.
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Querist : Anonymous

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Querist : Anonymous (Querist)
23 August 2016 Thank you sir for your kind Information.
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