Section 60 of Companies Act, 2013 – Publication of Authorised, Subscribed and Paid-Up Capital

  • Updated Till : June 22, 2017

SECTION 60. PUBLICATION OF AUTHORISED, SUBSCRIBED AND PAID-UP CAPITAL

[Effective from 12th September, 2013]

(1) Where any notice, advertisement or other official publication, or any business letter, billhead or letter paper of a company contains a statement of the amount of the authorised capital of the company, such notice, advertisement or other official publication, or such letter, billhead or letter paper shall also contain a statement, in an equally prominent position and in equally conspicuous characters, of the amount of the capital which has been subscribed and the amount paid-up.

(2) If any default is made in complying with the requirements of sub-section (1), the company shall be liable to pay a penalty of ten thousand rupees and every officer of the company who is in default shall be liable to pay a penalty of five thousand rupees, for each default.

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