Paid-up capital compliance: non-compliance addressed under Company Law Settlement Scheme to facilitate statutory regularisation for companies. Many companies have not increased their paid-up capital to the threshold limits required by section 3(3) and 3(4) of the Companies Act, 1956, and the Company Law Settlement Scheme, 2010 is referenced as the regulatory mechanism relevant to addressing that non-compliance.
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Provisions expressly mentioned in the judgment/order text.
Paid-up capital compliance: non-compliance addressed under Company Law Settlement Scheme to facilitate statutory regularisation for companies.
Many companies have not increased their paid-up capital to the threshold limits required by section 3(3) and 3(4) of the Companies Act, 1956, and the Company Law Settlement Scheme, 2010 is referenced as the regulatory mechanism relevant to addressing that non-compliance.
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