I joined a new Company which is a private limited but having capital of 15 crores.Please suggest that wheher the Company will have all the liabilties same as the Limited Company because it has such high paid up capital or will enjoy the privilege of Private Company?
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Pvt company- please suggest urgent
Replies (2)
Hi Priya,
Congratulations on joining a new company. Your company will enjoy all the privileges of a private company irrespective of its size. However, Section 383A for mandatory appointment of wholetime CS will become applicable to you since the paid-up capital is more than Rs.5 crores.
Thanks
Thanks 
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