Authorised Share Capital
This query is : Resolved
31 December 2009
Hello
How & Who decide about Authorised Share Capital , & on what basis amount decide. if Co want to increase the same on which fanancial factor to be conditionred
Please explain me
Thanks
How & Who decide about Authorised Share Capital , & on what basis amount decide. if Co want to increase the same on which fanancial factor to be conditionred
Please explain me
Thanks
31 December 2009
Authorised capital is decided by the promoters of the company. However for doing any particular work for which a minimum Authorised capital is given, you need to take that figure in mind.
For a private limited - Min.1 Lakh (Auth. & paid up)
For a Public Limited - Min. 5 Lakh (Authorised & paidup)
For a NBFC - Min Rs. 2 Crore (Auth. & Paidup)
For a private limited - Min.1 Lakh (Auth. & paid up)
For a Public Limited - Min. 5 Lakh (Authorised & paidup)
For a NBFC - Min Rs. 2 Crore (Auth. & Paidup)
31 December 2009
The same can be based on the estimated working capital to be deployed in the company to be funded by the promoters of the company as permanent capital
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