Bengaluru | 05 Apr, 2019 (3 months, 2 weeks ago)

Business Registration

Should the founder subscribe to all the shares?

I've been working on my idea/ product for the last 6 months and now plan to register the company and the brand. I'm a single founder registering as a Pvt. Ltd company (raising investments against equity) and I would like to know if I should subscribe to all the shares in a 10 lacs authorized capital while registration? Also, can I show my contribution to the paid-up capital as bills and salary components for the last 6 months (in a ledger format)?
Answers
10 Apr, 2019 | 10:59

Thank you for your query. We appreciate your trust in Lawyered in seeking resolution to your question. To help you further, please refer to the article below.
- https://www.lawyered.in/legal-disrupt/articles/importance-founders-agreement-start-/

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Dear Sir,
A minimum of two shareholders and a maximum of up to 200 shareholders are allowed in a private limited company. The shareholders could be natural persons or companies, including foreign companies.


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