Section 60 of CA 2013 : Section 60: Publication Of Authorised, Subscribed And Paid-Up Capital

Explanation using Example

Imagine a company named "DreamTech Innovations Pvt. Ltd." is preparing to send out a batch of business letters to its potential clients and partners. The letterhead they designed showcases the company's authorised capital as ₹50,00,000. According to Section 60 of The Companies Act, 2013, DreamTech Innovations is also required to include information about the amount of capital that has been subscribed and paid-up. If the subscribed capital is ₹30,00,000 and the paid-up capital is ₹25,00,000, these figures must be displayed prominently and clearly, just like the authorised capital.

If DreamTech fails to include this information or does not display it as conspicuously as the authorised capital, the company could face a penalty of ₹10,000. Additionally, each officer responsible for this oversight could be penalised ₹5,000 for the non-compliance, as per the Act.