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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.

Question

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.

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Solution

To answer the question step by step, we will break down the given statement:

Step 1: "shall also contain a statement" This means that there is a requirement for something to be included in a document or statement.

Step 2: "in an equally prominent position" This indicates that the statement should be placed in a position of equal importance or visibility as other information in the document.

Step 3: "and in equally conspicuous characters" This means that the statement should be written using characters or fonts that are equally noticeable or easily seen.

Step 4: "of the amount of the capital which has been subscribed" This refers to the total amount of capital that has been committed or pledged by investors or shareholders.

Step 5: "and the amount paid-up" This refers to the portion of the subscribed capital that has been actually paid by the investors or shareholders.

In summary, the requirement is to include a statement in a document or statement, in a position of equal prominence and using equally noticeable characters, indicating the total amount of subscribed capital and the amount that has been paid-up.

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