Costing Standards Accounting Standards E-Forms

The Companies Act, 1956

Management and Administration (146 to 251)

Section 148 Publication of authorised as well as subscribed and paid-up capital.

Section 148 Publication of authorised as well as subscribed and paid-up capital.

(1) Where any notice, advertisement or other official publication, or any business letter, bill head 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, bill head 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 default is made in complying with the requirements of sub-section (1), the company, and every officer of the company who is in default, shall be punishable with fine which may extend to ten thousand rupees.