Certificate of paid up capital
Ria
(Querist) 29 July 2009
This query is : Resolved
Respected experts,
our company wants to buy/rent a house for the purpose of company accommodation. The owner of the house has asked for a copy of the paid up capital certificate of our company. The company is a pvt. co.
Please advice if the paid up capital certificate is required or only articles of association will be enough for the above mentioned purpose.
Guest
(Expert) 18 December 2009
The term paid-up capital certificate is new actually and what I think is that he wanted to know the financial status of the Company and nothing more. If it is buying, then, the seller need not worry about your financial status or the authority as he will be getting money anyway. But, if it is rental, then, he will obviously be interested to know about the company. He may not need articles, but, he may like to see the financial statement.
