Is there any limit for induction of capital say as compared to Loans or investments as per companies act for private company.
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Capital Induction
Replies (2)
Lower limit- 1,00,000, AOA can specify higher limit
Upper limit- Not specified in act.
SOrry for PREVIOUS POST.
MINIMUM CAPITAL CAN BE 100,000 ONLY AS SPECIFIED. AOA CANNOT PRESCRIBE HIGHER LIMIT. I APOLOGISE FOR THE MISTAKE.
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