Minimum share capital in case of pvt. ltd. company

This query is : Resolved 

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...

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



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