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Private Company

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7 Points Joined February 2018
Can we form private company if paid up share capital is less than 1 lakh
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On 15 February 2018 at 18:07 Report
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Practicing CA
7756 Points Joined November 2011

yes you can form.

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On 15 February 2018 at 18:10
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7 Points Joined February 2018
Sir but section 2(68) states that means a company whose minimum paid up share capital is less 1 lakh.
Sir can we please tell which amendment has omitted it.
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On 15 February 2018 at 18:28
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Student
98 Points Joined July 2017
as per sec2(68) Pvt company means a company having a minimum paid up capital as may be prescribed.......
but nothing has been prescribed so far...thus, there is no minimum paid up share capital
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On 15 February 2018 at 22:48
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7 Points Joined February 2018
so their is also not any limit for public company as per section 2(71)
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On 15 February 2018 at 23:13
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Student
98 Points Joined July 2017
yeah...
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On 15 February 2018 at 23:15
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7 Points Joined February 2018
Thanku
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On 15 February 2018 at 23:20
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Student
98 Points Joined July 2017
pleasure 🙂
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On 15 February 2018 at 23:21

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