Publication requirement: disclose subscribed and paid-up capital alongside authorised capital, non-compliance attracts statutory penalty. A company must state the amounts of subscribed capital and paid-up capital, in an equally prominent and conspicuous manner, in any notice, advertisement, official publication, business letter, bill head or letter paper that states its authorised capital; non-compliance subjects the company and every officer in default to a statutory monetary penalty.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Publication requirement: disclose subscribed and paid-up capital alongside authorised capital, non-compliance attracts statutory penalty.
A company must state the amounts of subscribed capital and paid-up capital, in an equally prominent and conspicuous manner, in any notice, advertisement, official publication, business letter, bill head or letter paper that states its authorised capital; non-compliance subjects the company and every officer in default to a statutory monetary penalty.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.