Requirement of specifying authorised capital of company on its share certificate - Companies Law - No. 8/35 (147)/66‑CL-V,

Circular : No. 8/35 (147)/66 ‑ CL-V, dated 13 ‑ 1 ‑ 1967. Subject:- Requirement of specifying authorised capital of company on its share certificate Section 148 does not require a company to specify its authorised capital on its share certificates. It is not, therefore, obligatory for a company to do so. Where, however, the authorised capital is specified either on the company s own volition or otherwise on the share certificates, it is only fair and proper that the subscribed and paid‑up capital are also indicated thereon as required by section 148(1) inasmuch as the expression other official publications used in sections 147 and 148 includes the share certificates. Paid‑up capital for this purpose would be the capital which has actually been paid up at the time of issue of the share certificates.