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Capital of company

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 July 2011 Can a private Limited Company call up lesser amount of capital than the subscribed capital?
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Amol Gopal Kabra (CA,CS,DISA)

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Amol Gopal Kabra (CA,CS,DISA) (Expert)
18 July 2011 It can call up lesser amount of capital for an installment. But it has to call-up the whole of the subscribed capital within one year of allotment.
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Querist : Anonymous

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Querist : Anonymous (Querist)
18 July 2011 Can you please mention the provision of the Act or any other reference, wherein this has been mentioned?
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