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Distributor company

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Geetanjali Savarkar

Geetanjali Savarkar (Querist)
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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

Ajay Mishra (Expert)
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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.

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