Incorporation of company

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Querist : Anonymous

Querist : Anonymous (Querist)

15 September 2012 Whether the company (Pvt or Public) can be formed with only athorised capital of one type either equity or preference share??

CS Pawan Kumar Baid

CS Pawan Kumar Baid (Expert)
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15 September 2012 Authorized capital is maximum capital which a company can raise. You can have both equity and preference shares as authorized capital at the time of incorporation of company.

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CS Ankur Srivastava

CS Ankur Srivastava (Expert)
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15 September 2012 Yes you may have one type of capital however, minimum equity capital must be there.

For private Companies = 1 lacs

For public Companies = 5 Lacs

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Querist : Anonymous

Querist : Anonymous (Querist)

16 September 2012 Thanx a lot pawan sir and ankur sir...