Company incorporation

This query is : Resolved 

13 December 2013 Dear sir,

While incorporating a private limited campany ,limited by shares, the authorized capital is 100000(divided into 10000 shares with Rs.10 nominal value. Can we incorporate with subscribed and paid up capital less than one lakh share capital.

thank you sir

Best regards
Narasimha

13 December 2013 N0. section 2(68) of the Companies Act,2013 doesn't permit to do so.


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