Minimum authorised capital to start a company

NAZIA ZAINAB (ARTICLE CLERK) (44 Points)

10 June 2015  

As per the new provisions of Companies(Amendement)Act 2015, requirement  of minimum paid up share capital  has been dispensed with,However, I don't have the clarity on the requirement of Minimum Authorised Capital of Private company and public company, is it that we can incorporate a company with less than 1 lac rupees??