Minimum Capital in case of Private Co.
This query is : Resolved
C.A. Pulkit Garg
(Querist)
28 May 2016
Dear Sir,
Can a private company be incorporated even with a nominal share capital of Re.1
Message likes :
1 times
CMA Ramesh Krishnan
(Expert)
29 May 2016
For Private limited companies minimum share capital requirement is Rs.1 lakh
C.A. Pulkit Garg
(Querist)
29 May 2016
I think it was amended by companies amendment act 2015
CMA Ramesh Krishnan
(Expert)
29 May 2016
No such amendments my view
CA ABHAY GUPTA
(Expert)
29 May 2016
Requirement of Minimum Paid up Share Capital
[Section 2(68) and Section 2(71)]
The requirement of having a minimum paid up share
capital by a company has been done away with.
Hence, going forward, a private or a public company
can be incorporated without the need for minimum
paid up share capital of one lakh or five lakh rupees,
respectively.
[Section 2(68) and Section 2(71)]
The requirement of having a minimum paid up share
capital by a company has been done away with.
Hence, going forward, a private or a public company
can be incorporated without the need for minimum
paid up share capital of one lakh or five lakh rupees,
respectively.
CMA Ramesh Krishnan
(Expert)
29 May 2016
Thanks Mr.Abhy Gupta for updating and correction
CA Rohit Jain
(Expert)
30 May 2016
no minimum capital requirements for private Ltd company
Jatin Bajaj
(Expert)
31 May 2016
No minimum paid up capital is required for Private as well as Public Company but for better practice it is better to start with some nominal amount of paid up capital
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