Share capital disclosure requires statements of subscribed and paid-up capital alongside authorised capital, with penalties for non-compliance. Any public statement of a company's authorised capital in notices, advertisements, official publications or business stationery must also state, in ... Summary
Share capital disclosure requires statements of subscribed and paid-up capital alongside authorised capital, with penalties for non-compliance.
Any public statement of a company's authorised capital in notices, advertisements, official publications or business stationery must also state, in equally prominent and conspicuous characters, the amounts of capital that have been subscribed and that have been paid up. Failure to comply attracts a monetary penalty against the company and a separate monetary penalty against every officer of the company who is in default, each imposed for each default.
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