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The Companies Act, 2013

Chapter IV - Share Capital And Debenture (43-72)

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

[Notification/Effective Date: 12.09.2013]

Section 60- Publication of authorised, subscribed and paid-up capital.  [Corresponds to Section 148 of the Companies Act,1956]

 (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.