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Mutual benefit company

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(Querist)
26 June 2009 What is the minimum requirement of authorised and paid up capital for a mutual benefit company?
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Ankur Garg

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Ankur Garg (Expert)
26 June 2009 Minimum paid up capital for a private company is Rs. 1 Lac and for public company is Rs. 5 Lac.

Accordingly determine your Authorised capital but remember 1 thing Authorised capital can not be less then paid up capital.

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