Cos 60 — Publication of authorised, subscribed and paid-up capital

Companies Act, 2013

Statutory text

(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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