Share capital division
This query is : Resolved
21 June 2012
In the case of a company having a share capital, the Memorandum shall state the amount of share capital with which the company is to be registered and the division thereof into shares of a fixed amount.
Does this condition apply in case of an unlimited company?
Does this condition apply in case of an unlimited company?
21 June 2012
No not applicable to Unlimited Company.
Read Section 13(4)(a) of the Companies Act 1956 which states that unless the company is an unlimited company, the memorandum shall also state the amount of share capital with which the company is to be registered and the division thereof into shares of a fixed amount".
Read Section 13(4)(a) of the Companies Act 1956 which states that unless the company is an unlimited company, the memorandum shall also state the amount of share capital with which the company is to be registered and the division thereof into shares of a fixed amount".
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