Promotors subscription
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 April 2012
Can the share capital subscribed by promoters be less than Rs. 1 Lac in a private limited company ( promoters wanted to subscribe for 60% of the capital and want to give the remaining 40% to outside fund after incorporation )
26 April 2012
Hi
The promoter i.e. the subscriber of the memorandum should bring at least one lakh capital to the company.
The promoter i.e. the subscriber of the memorandum should bring at least one lakh capital to the company.
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