Norms about minimum paid-up capital of a public company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 June 2012
HELLO SIR/MAM,
AS PER COMPANIES ACT, MINIMUM PAID-UP CAPITAL OF A PUBLIC COMPANY SHOULD BE 5 LAKH.
BUT PLEASE LET ME KNOW THAT WHETHER PUBLIC COMPANY IS REQUIRED TO HAVE SUCH PAID-UP CAPITAL AFTER GETTING CERTIFICATE OF INCORPORATION AND BEFORE GETTING CERTIFICATE OF COMENCEMENT OR AFTER GETTING CERTIFICATE OF COMMENCEMENT?
WHETHER ANY CA IS REQUIRED TO CERTIFY THAT MINIMUM PAID-UP CAPITAL REQUIREMENTS ARE COMPLIED WITH BY PUBLIC COMPANY?
AS PER COMPANIES ACT, MINIMUM PAID-UP CAPITAL OF A PUBLIC COMPANY SHOULD BE 5 LAKH.
BUT PLEASE LET ME KNOW THAT WHETHER PUBLIC COMPANY IS REQUIRED TO HAVE SUCH PAID-UP CAPITAL AFTER GETTING CERTIFICATE OF INCORPORATION AND BEFORE GETTING CERTIFICATE OF COMENCEMENT OR AFTER GETTING CERTIFICATE OF COMMENCEMENT?
WHETHER ANY CA IS REQUIRED TO CERTIFY THAT MINIMUM PAID-UP CAPITAL REQUIREMENTS ARE COMPLIED WITH BY PUBLIC COMPANY?
26 June 2012
Hi
Please read definition of public company which already talk about minimum paid up capital of public company this is also mentioned in MOA of the company.
Yes at the time of Certificate to commencement of Business the minimum paid up capital should be 5 lacs and no need to CA certificate in this regards.
Regards
Please read definition of public company which already talk about minimum paid up capital of public company this is also mentioned in MOA of the company.
Yes at the time of Certificate to commencement of Business the minimum paid up capital should be 5 lacs and no need to CA certificate in this regards.
Regards
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Claiming exemption of perquisite for employee-owned car under New Tax Regime in ITR-2
- Pass word to open justification report for Q1 for FY 2026-27
- Gift of mutual fund units to daughter
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Reporting of STCG on Property in ITR
- Upload Level ValidationITR3Category of Defect B/D
- Not able to file ITR
- Building tax payment deduction in rental Income
- New Garden in Place of Old Garden
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
