Subsciber to memorandum of association
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 August 2016
How much minimum percentage of shares to be subscribed by the subscriber for a Private company incorporating with Authorised Capital Rs1,00,00,000/- divided in to 10,00,000 Equity shares of Rs10/- each.
23 August 2016
No such minimum vide amendment in section 2(68) made by Co's Amendment Act,2015. As such one share each will legally suffice.
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 August 2016
Thank you sir for your kind Information.
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