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the authorized share capital?

How, to whom, do I have to pay and when do I have to pay the authorized share capital?

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Amy
 

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In all the jurisdictions we offer, you are not required to pay your share capital at the time of incorporation, bank account opening or any other specific date. If the company requires start up capital, the directors may call on the share holders to pay up the required amount via there share holding. If this capital is not required, the share capital or the cost of the shares need not be paid up until and unless required by the company. Share capital is the company's money and you do not pay this to us.

Unpaid shares distributed to share holders is a debt by the shareholder to the company and therefore when paid, this cash goes to the company account for use by the company.

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BMICS
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