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Whether after the incorporation of a company the subscribers to MoA can pay the subscripttion amount in lots or they have to pay the same as lump sum amount? If the payment can be made in lots, is there any provision of the Companies Act, 2013 which says so?
And If the payment can be made in lots, is there any restriction of time up to which the subscripttion amount should be paid by the subscriber to the Company?
Replies (1)
As per Sec.56(4)(a) share certificates are required to be issued to subscribers within two months.
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