(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 letter, billhead or letter paper, shall also contain a statement of the amount of the capital which has been subscribed and the amount of the capital which has been paid up.
(2) If a company contravenes the provisions of this section, the company shall be punishable with fine which may extend to ten thousand rupees, and every officer of the company who is in default shall be punishable with fine which may extend to five thousand rupees.