Hi,
Questions regarding issue of partly paid shares as per Companies Act (for unlisted companies)
1. Minimum value
2. How many calls can be made
3. Within how much time should the calls be made
Dear Members,
A Private Limited Company has been incorporated under 1956 Act. Form 1 shows subscribed capital as 5 lakhs. But for all these years, paid up capital of the Company is shown as 1 lakh in financials and the same has been filed till now. What should be shown in present years financials as paid up capital? Any idea on how this can be set right?
received
partly
amount
subscription
can any one provide me the procedure for conversion of partly paid up shares into fully paid up,
