Incorporation of sec.25 company
Querist : Anonymous
And if i need to make the any payment to ROC than why ???
Yes, you will pay ROC fee.
As per the provision of section 3 of the Companies Act, 1956, a private company is required to have a minimum paid-up capital of Rs. 1Lakh and Public Company is required to have minimum share capital of Rs. 5 Lakh. However section 25 companies have been exempted from this requirement regarding minimum share capital by virtue of sub-section (6) inserted by Companies Amendment Act of 2000. As such they can be registered even if they have share capital less than the statutory minimum.
Companies registered under this section need not have their Memorandum and Article of Associations stamped under Article 39 of the Indian Stamp Act, 1899.
Querist : Anonymous
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