Formation of company

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Querist : Anonymous

Querist : Anonymous (Querist)

14 February 2014 I want advice please guide me i want start private limited company but i dont know how to decide authorised capital i want to take loan of 6 crore.please guide me

Nikhil Kaushik

Nikhil Kaushik (Expert)
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14 February 2014 for bank loan, share capital is not relevant...you can also bring in quasi equity in terms of unsecured loan from directors/shareholders/promoters. Banks also consider such loans as part of networth.

so even Rs 1 lakh share capital is sufficient.

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