Minimum Paid up Capital
This query is : Open
17 March 2017
What is the minimum paid up capital of private company nowadays?
18 March 2017
The definition of “private company” and “public company” under Section 2 of the Companies Act, 2013 earlier provided for a requirement of having a minimum paid-up share capital of one lakh rupees and five lakh rupees, respectively. The Companies (Amendment) Act, 2015 omits requirements for such minimum paid up share capital.
18 March 2017
Rs. 2/- (rupees two only) can be the minimum.
18 March 2017
Amendments and clarifications in the CA Amendment 2015 includes -
The minimum paid-up share capital requirement of INR 100,000 (in case of a private company) and INR 500,000 (in case of a public company) under CA 2013 has been done away with. Consequently, the definitions of private and public companies stand amended.
Accordingly, no minimum paid-up capital requirements will now apply for incorporating private as well as public companies in India.
The minimum paid-up share capital requirement of INR 100,000 (in case of a private company) and INR 500,000 (in case of a public company) under CA 2013 has been done away with. Consequently, the definitions of private and public companies stand amended.
Accordingly, no minimum paid-up capital requirements will now apply for incorporating private as well as public companies in India.
18 March 2017
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