Authorised capital: when shown on share certificates, subscribed and paid up capital must also be indicated. Section 148 does not require stating a company's authorised capital on share certificates, but if authorised capital is specified the certificate must also indicate subscribed and paid up capital; paid up capital means the amount actually paid at the time the certificates are issued.
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.
Authorised capital: when shown on share certificates, subscribed and paid up capital must also be indicated.
Section 148 does not require stating a company's authorised capital on share certificates, but if authorised capital is specified the certificate must also indicate subscribed and paid up capital; paid up capital means the amount actually paid at the time the certificates are issued.
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