minimum shares to be subscribed in a pvt. ltd co

vinod (account assistant) (77 Points)

24 June 2010

Dear Experts

what is the minimum no. of shares to be subscribed by the promoters in a newly incorporated pvt. ltd. co.Its URGENT

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6 Replies

Nitin Grover (CS) (1228 Points)
Replied 24 June 2010

Dear Vinod

No Minimum limit of shaers are required. Their is only minimum paid up share capital of Rs. 1,00,000 /- and Two promoters.

So min is Two Shares (logically) because min two shares. its in that case only if Face Value of per share is 50,000 or above.

So total paid up share capital must be min 1,00,000 rs

Regards

Deepak Maharishi (CS) (514 Points)
Replied 24 June 2010

Dear Vinod,

The requirement of a private limited company is to have a minimum paid up capital of Rs. 1,00,000/-.

That means the requirement is related with the amount and not number of Shares. That solely depends on the face value of the shares.

Suppose the face value of a share is Rs. 10 then, the minimum number of shares would be 10,000.

Hope this clarifies.

Views of other members are also solicited.

Thanks and regards

Deepak Maharishi

Kalpesh Chauhan, (Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com)) (8311 Points)
Replied 24 June 2010

Originally posted by : Deepak Maharishi
	Dear Vinod, The requirement of a private limited company is to have a minimum paid up capital of Rs. 1,00,000/-. That means the requirement is related with the amount and not number of Shares. That solely depends on the face value of the shares. Suppose the face value of a share is Rs. 10 then, the minimum number of shares would be 10,000. Hope this clarifies. Views of other members are also solicited. Thanks and regards Deepak Maharishi

agree with Deepak Maharishi

(Guest)

Originally posted by : Deepak Maharishi
	Dear Vinod, The requirement of a private limited company is to have a minimum paid up capital of Rs. 1,00,000/-. That means the requirement is related with the amount and not number of Shares. That solely depends on the face value of the shares. Suppose the face value of a share is Rs. 10 then, the minimum number of shares would be 10,000. Hope this clarifies. Views of other members are also solicited. Thanks and regards Deepak Maharishi