Section 60 of the Companies Act, 2013: Publication of authorised, subscribed and paid-up capital

The Companies Act, 2013

Chapter-IV Share Capital and Debentures

Section 60: Publication of authorised, subscribed and paid-up capital.

*60. (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.


 

Disclaimer: Please refer Bare Act for original contents. Click here to access All Acts