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A company is incorporated with authorized & subscribed capital of Rs 10 lakhs. Can we issue only 2 lakhs to subscribers in first board meeting to make issued and paidup capital Rs 2 lakhs or we are reqiuired to call entire subscribed capital in the first board meeting. Please Guide??
Replies (3)
Listin company is only authorised and not subscribed 10 Lakh
Subscribe only by member and not by company
Further you can issue any number of shares in Parts upto Authorised
Thanks for the reply sir.
My question is if a private company is recently incorporated with authorized capital Rs 10 lakhs and subscribed capital 10 lakh. Can the company issue only 2 lakhs to the subscribers for the time being, and call the rest in future as and when required. Please guide
Ya you can issue
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