Pvt company- please suggest

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Priya (Querist)
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24 July 2013 I joined a new Company which is a private limited but having capital of 15 crores.Please suggest that wheher the Company will have all the liabilties same as the Limited Company because it has such high paid up capital or will enjoy the privilege of Private Company?

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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24 July 2013 It will enjoy the privileges extended to the Pvt Ltd companies irrespective of the amount of paid up capital.

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Ajay Mishra

Ajay Mishra (Expert)
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24 July 2013 Hi

You will enjoy the all rights of private company and does not affect on your status of the company by paid up capital.

However, you will comply the provision of section 383A regarding appointment of Company Secretary, because it is based on paid up capital of the company, whether it is public company or private company.

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Priya

Priya (Querist)
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24 July 2013 Thanks Experts....

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