Distributor company
This query is : Resolved
Geetanjali Savarkar
(Querist)
09 April 2013
Can a Pvt Ltd company which is a Distributor of auto Parts start the company with an authorised capital of 1,00,000 rupees?
Ajay Mishra
(Expert)
09 April 2013
Hi
Yes they can start business with one lakh capital. For doing such kind of business, no need to maintain any further capital.
Yes they can start business with one lakh capital. For doing such kind of business, no need to maintain any further capital.
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