Hello everyone!
I am Rahul here. I am all set to create a shelf company. I did the following things :
- Got the name approved.
- Filled form 18.
- Filled form 32.
- Stuck in filling form 1.
So, like I said, it is supposed to be shelf company, hence I want the investments to be minimum.
The authorized capital in the form 1A i filled was 100,000 Rs.
Now, I see this column of Subscribed capital in form 1. I understand that
Authorized capital : is the maximum amount of capital that the company can collect.
Subscribed capital : is the amount of capital that is actually distributed among the subscribed.
Paid capital : is the amount that is paid against the Subscribed capital ( Say the value of share is 10 Rs and 3 Rs are paid to the company).
So do I need to maintain 100,000 Rs in the bank after the incorporation? I want to bring this amount to the bare minimum level 
. Can the paid capital be <10,000?
Even if I could withdraw the amount from the bank, then it will be fine.
Any guide for me guys?
- Rahul.
CAclubindia
