Formation of company
This query is : Resolved
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
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.
so even Rs 1 lakh share capital is sufficient.
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