Minimum paid up capital
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
19 June 2013
We are starting a pvt ltd company with authorised capital of 1 lakh.
Since minimum paid up capital should be Rs.1Lakh.
is it compulsory to subscribe complete 1 lakh capital during incorporation itself?
Or
We can subscribe for Rs.50,000 now & Rs.50,000/- afterwards?
Since minimum paid up capital should be Rs.1Lakh.
is it compulsory to subscribe complete 1 lakh capital during incorporation itself?
Or
We can subscribe for Rs.50,000 now & Rs.50,000/- afterwards?
19 June 2013
Hi
Yes, it is mandatory to subscribe minimum 1 lakh as subscribed capital.
Yes, it is mandatory to subscribe minimum 1 lakh as subscribed capital.
19 June 2013
In accordance with the provisions of section 36(2) of the Companies Act, 1956, all money payable by any member to the company under the MOA or AOA shall be debt due from him to the company. Further, a subscriber to the memorandum must pay for his shares in cash even if the promoters have promised him the shares for services rendered in connection with the promotion of the company.
In accordance with the provisions of section 36(2) of the Companies Act, 1956, all money payable by any member to the company under the MOA or AOA shall be debt due from him to the company. Further, a subscriber to the memorandum must pay for his shares in cash even if the promoters have promised him the shares for services rendered in connection with the promotion of the company.
19 June 2013
To start a Pvt Ltd company your paid up share capital should be at least Rs 1 lac from the very beginning.
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