authorised share capital.
Querist : Anonymous
At the start of a company, it is authorized to issue ascertain number of shares amounting to a certain sum of money. This is the authorized share capital. This may be raised subsequently by a resolution approved by the shareholders. However, not all of the initially authorized share capital needs to be issued. That part which has been issued is called issued share capital or subscribed share capital.
Kindly appreciate minimum paid up capital for a public company is Rs. 5 Lacs and for a private company is Rs. 1 Lacs.
So we can say that indirectly minimum authorised capital for a public company is Rs. 5 Lacs and for a private company is Rs. 1 Lacs, becaause paid up capital can not be more than authorised capital.
Regards
Querist : Anonymous
i wanted to know that,how can a company issue their share and for what amount.
(I mean to say that for, example: if a company wanted to take Rs:100,00,000.
from public then what should be the share capital of company.)
Querist : Anonymous
Then what should be there own capital.
Say if u want to issue Rs 100,00,000 from public then your authorised capital must be more than or equal to Rs 100,00,000.
So before going for issue always check your authorised capital.
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