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Minimum paid up capital of pvt. ltd co.

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 August 2012 Dear Experts,

A Pvt Ltd Co. which has Rs. 1,00,000/- paid up capital.
In future its capital decreased than what will happen ?
Please tell me as soon as possible.
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Ajay Mishra

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Ajay Mishra (Expert)
01 August 2012 Hi

You can not reduce the minimum authorised share capital of the company.
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Querist : Anonymous

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Querist : Anonymous (Querist)
01 August 2012 Than what will consequences....??
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CS. DISHA SHAH

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CS. DISHA SHAH (Expert)
01 August 2012 Hello,
Agree with Ajay Sir,
.
You can't reduce Min. Authorised Capital of the Company..
.
bt u r asking consequences, bt legally u cnt, n u hve to file e-Form - 23 for the same 1st, bt ur form will not approve..
.
But, You can not Reduce the Minimum Authorised Share Capital of Company.
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Guest

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Guest (Expert)
01 August 2012 Practically it is not possible to reduce paid up capital below 1.00 lac
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