any clues on these?

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

 

 

 

Replies (3)

Nopes ...i dont guess so ..

bt yeah in partnership there is no restriction on min capital same as in 4 charitable instituitons n  HUF n ....

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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