subscription by subscriber to the momerandum

There are no pre-defined timelines to make payment for the subscribedcapital, however, Section 10(2) of the Companies Act 2013envisage that all monies payable by any member to the company under the memorandum or articles shall be a debt due from him to the company and also according to Section 56(4) of Companies Act 2013 provides thatcompany shall issue Share Certificates to the subscribers of Memorandum within 2 (two) months from the date of company incorporation.

Therefore, please ensure that Share subscripttion money is received before issuing Share certificates through proper banking channel.