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
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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