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Is there any requirement on the amount of nominal share capital and the number of founder members of a local company limited by shares?

Is there any requirement on the amount of nominal share capital and the number of founder members of a local company limited by shares?

2011-09-29 01:21 PM
|
Hardy
 

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The Companies Ordinance has not prescribed any requirement for a minimum amount of nominal share capital. A local company limited by shares shall be formed by at least one founder member taking at least one share of the company.

2011-09-29 01:55 PM
|
Liz
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