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Law No: 10/96 (An Unofficial Translation)
Registration of public companies
(d) A public company shall be registered if the persons forming the company agree to buy shares of at least MRF 1,000,000/- in value and pay the said money to the company and submit to the registrar of companies evidence of the payment.
(e) If a company is registered having paid the registration fee as prescribed in subsection (a) of this section subsequently increases the authorised capital then the company shall pay the fee for the increase in the proportion stipulated in the schedule.
Certificate of incorporation
8. The registrar of companies shall upon registration of the company in accordance with Section 7 of this Act issue to the company a certificate that the company is incorporated.
9. The registrar of companies reserves the right to call upon changes to memorandum and articles of association of the company delivered to him, to comply with the Act.
