A company got its Certificate of iIncorporation on 24th August 2010 and on the certificate the date is written as 22nd August 2010. Company allotted some shares on 23rd August. Is the allotment valid or not?
Yes, it is valid although the registrar issued the certification on 24th but on the certificate 22nd August is written. So in the eyes of law, the company was registered on 22nd August as the certificate of incorporation is the conclusive evidence of its legal existence of the company.
Paid up value of all shares allotted is called subscribed capital.
Explanation: The part of the issued capital that is subscribed to and paid by the public is called subscribed capital.
Answer: Public company
A public company is a company that is not a private company. As per the Companies Act 2013, a public company has a minimum of 7 members and...
