hi
can any one clarify on these
1. we know that pvt com and public company should have a min capital of Rs.1 lac and Rs.5 lac respectively. is there any exception to this rule?
like in case of Sec.25 companies etc
regards
sameera
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any clues on these?
Replies (3)
thanks naina
yes i agree .. with you...but what about the position when the same is incorporrated under CA 1956...because even if you turn partnership firm into company under part ix conversion u/CA1956 you are supposed to adhere to min capital requirements
i think there are no exceptions to the min cap rule u/CA1956
any contrary views please
regards
sameera
You are right Sameera. A company to get itself registered under The Companies Act, 1956 need to fulfil this minimum capital requirements.
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