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Section 148 – The Companies Act,1956

The Companies Act, 1956

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

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 1[ten thousand rupees].

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1. Subs. by Act 53 of 2000, sec. 58, for “one thousand rupees” (w.e.f. 13-12-2000).

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The Companies Act, 1956

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