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Authorised Share Capital
What is the minimum Authorised Capital required by private and public company ??
Replies (11)
for Pvt Ltd 1 lakh, public limited 5 laks
can you please tell me the section where it is mentioned
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there is no minimum authorised capital required as it is removed by notification which came in June 2015....it has been replaced by " As may be prescribed"...which further means which can be stated in future.
there is no limit for paid up share capital but there is a minimum limit for authorised capital
hence no minimum capital required to start a company
yes but that isn't the question
bro it effectively means that there is no minimum capital required to start a company...After that notification minimum capital requirements were omitted.
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.
not prescribed bro according to me but i found the above answer from quora
we cannot rely on qoura, untill and unless it is not mentioned anywhere in Companies Act that minimum Authorised capital requirement is not mandatory
WHY IS THE LOGIC BEHIND DISCLOSING AUTHORISED SHARE CAPITAL IN THE NOTES TO ACCOUNT.?
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