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Minimum share capital in case of pvt. ltd. company

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(Querist)
27 July 2013 Respected members,

Is there any rule that a private limited company should have a minimum paid up capital of Rs. 100000.

If yes pls qoute the section.

Thank u...
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CS VENKATARAMANAN S

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CS VENKATARAMANAN S (Expert)
27 July 2013 Section 3 (1)(iii)of the Companies Act, 1956.

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