Partly paid up share capital - urgent

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

19 September 2011 Whether subscribers of Pvt Co. to the memorandum, is required to bring full share capital subscribed as per subscription caluse of MOA in the capital immediately on incorporation/subscription and in how much period after the incorporation the full share capital shall subscribed by the subscribers as per MOA subscription caluse. If the authorised & subscribed capital is Rs. 25 Lakh, then can they bring minimum subscription of Rs. 1 Lakh as paid up Capital only in the form of partly paid shares?

Thanks!

Aditya Maheshwari

Aditya Maheshwari (Expert)
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19 September 2011 Subscribers to the memorandum, is required to bring full share capital subscribed as per subscription caluse of MOA in the capital as soon as possible.

Minimum paid up capital of a pvt. ltd. company should be Rs. 1 lakhs.

Querist : Anonymous

Querist : Anonymous (Querist)

Aditya Maheshwari

Aditya Maheshwari (Expert)
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20 September 2011 It should ideally be brought in within a period of 3 months though there is nothing specific mentioned.

In the MOA there must have a capital clause specifing the minumum capital of the company and that has nothing to do with authorised capital.

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