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Subscribed capital

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(Querist)
12 February 2017 Dear Experts.
Does authorized capital of a private company needs to be subscribed fully by first subsribers while incorporation??
Thanks in advance
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CA Kapil Verma

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CA Kapil Verma (Expert)
12 February 2017 no, they can subscribe 1-1 share only. Regards Kapil Verma founder TaxAdvizer.com
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Venkatesh Dangeti

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Venkatesh Dangeti (Querist)
13 February 2017 I didn't get that sir. what does 1-1 share means??




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