LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

Authorised Share Capital

divya vyas (73 Points)

13 November 2018

What is the minimum Authorised Capital required by private and public company ??

Reply
Follow
Share

11 Replies

asrajasekhar reddy (28 Points)
Replied 13 November 2018

for Pvt Ltd 1 lakh, public limited 5 laks

1 Like

divya vyas (73 Points)
Replied 13 November 2018

can you please tell me the section where it is mentioned

vishnu (Student) (50 Points)
Replied 13 November 2018

currently there is no minimum authorised capital required as it is removed by notification which came in June 2015....it has been replaced by " As may be prescribed"...which further means which can be stated in future.

asrajasekhar reddy (28 Points)
Replied 13 November 2018

there is no limit for paid up share capital but there is a minimum limit for authorised capital

1 Like

vishnu (Student) (50 Points)
Replied 13 November 2018

hence no minimum capital required to start a company

asrajasekhar reddy (28 Points)
Replied 13 November 2018

yes but that isn't the question

1 Like

vishnu (Student) (50 Points)
Replied 13 November 2018

bro it effectively means that there is no minimum capital required to start a company...After that notification minimum capital requirements were omitted.

power ranger (2 Points)
Replied 13 November 2018

But the minimum authorised capital requirements is not prescribed anywhere in companies act,2013.....Is it given in any sec?.Please forgive me if i am wrong.