60. Publication of authorised, subscribed and paid-up capital
(1) Where any notice, advertisement or other official publication, or any business
letter, billhead or letter paper of a company contains a statement of the amount of the
authorised capital of the company, such notice, advertisement or other official publication,
or such letter, billhead or letter paper 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.
(2) If any default is made in complying with the requirements of sub-section (1), the
company shall be liable to pay a penalty of ten thousand rupees and every officer of the
company who is in default shall be liable to pay a penalty of five thousand rupees, for each
default.