Hi everyone
I would like to know is it mandatory that you must have minimum shared capital of 1Lakh to incorporate a pvt ltd company?
What if the company requires no initial investment?
Thanks in advance!
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Shared capital for a pvt ltd
Replies (3)
Yest it is a mandatory requirement, irrespective of companies need. Just read below
As per Section 3(1)(iii) of the Companies Act, 1956, 'private company" means a company which has a minimum paid-up capital of one lakh rupees or such higher paid-up capital as may be prescribed.
Totally agree with learned member Parashar !!!
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