Share capital -subscribed, paid up
This query is : Resolved
06 November 2008
Please clarify me with regards to share capital, ie. in the agreement it is mentioned that the initial issued, subscribed and paid up capital will be Rs 20 crores, but in Memorandum & Articles of Association it is subscribed only Rs. 15 Crores,
then my question is that how much amount is to be paid by the memebrs of the company?
whether if only Rs, 15 crores be paid now then will it be in contradiction to the companies act, 1956.
then my question is that how much amount is to be paid by the memebrs of the company?
whether if only Rs, 15 crores be paid now then will it be in contradiction to the companies act, 1956.
Guest
Guest
(Expert)
06 November 2008
It is a contradiction. Minimum 90% to be SPaid-up
06 November 2008
Sir,
it is not the case of public issue, shares are issued only to the promoters,
i.e. private issue where the subscribers/memebres will take the shares,
it is not the case of public issue, shares are issued only to the promoters,
i.e. private issue where the subscribers/memebres will take the shares,
S.Srinivasaraghavan
(Expert)
07 November 2008
Shares will have to be as per the authorised Capital mentioned in MOA
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