Minimum subscription

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Seshadri Narayanan (Querist)
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27 April 2010 Can a private company dissolve because of non receipt of minimum subscription of shares? if yes what is the period limit for such minimum subscription..??
Please help me in this regard..!!!

Ankur Garg

Ankur Garg (Expert)
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27 April 2010 Minimum paid up capital for a private company is Rs. 1 lac. This amount of Rs. 1 Lac can be collected later from the subscribers but a company can not be dissolved on the basis of non-receipt of this amount. However questions may be asked by ROC.

I would suggest you to collect this amount as early as possible and deposit in the company bank account.

Regards

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