Share capital
This query is : Resolved
05 January 2011
Can any 1 tell me the section or notification or circular on Minimun authorised capial for a private limited company...?
Aditya Maheshwari
(Expert)
05 January 2011
3. Definitions of "company", "existing company", "private company" and "public company"
(1) In this Act, unless the context otherwise requires, the expressions "company", "existing company", "private "company" and "public company" shall, subject to the provisions of subsection (2), have the meanings specified below:
(iii) "private company" 5[means a company which has a minimum paid-up capital of one lakh rupees or such higher paid-up capital as may be prescribed, and by its articles,-]
5. Subs. by Act 53 of 2000, sec. 3, for "means a company which, by its articles,-" (w.e.f. 13-12-2000).
(1) In this Act, unless the context otherwise requires, the expressions "company", "existing company", "private "company" and "public company" shall, subject to the provisions of subsection (2), have the meanings specified below:
(iii) "private company" 5[means a company which has a minimum paid-up capital of one lakh rupees or such higher paid-up capital as may be prescribed, and by its articles,-]
5. Subs. by Act 53 of 2000, sec. 3, for "means a company which, by its articles,-" (w.e.f. 13-12-2000).
05 January 2011
https://www.vakilno1.com/bareacts/companiesact/s3.htm
Please see above link for sectional reference.
Please see above link for sectional reference.
CA Sanat Pyne
(Expert)
05 January 2011
SECTION 3(1)((iii)
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