hi
can any one clarify on these
1. we know that pvt com and public company should have a min capital of Rs.1 lac and Rs.5 lac respectively. is there any exception to this rule?
like in case of Sec.25 companies etc
regards
sameera
sameera (student) (61 Points)
18 January 2011hi
can any one clarify on these
1. we know that pvt com and public company should have a min capital of Rs.1 lac and Rs.5 lac respectively. is there any exception to this rule?
like in case of Sec.25 companies etc
regards
sameera
sameera
(student)
(61 Points)
Replied 18 January 2011
thanks naina
yes i agree .. with you...but what about the position when the same is incorporrated under CA 1956...because even if you turn partnership firm into company under part ix conversion u/CA1956 you are supposed to adhere to min capital requirements
i think there are no exceptions to the min cap rule u/CA1956
any contrary views please
regards
sameera
Jayashree S Iyer
(Company Secretary)
(3224 Points)
Replied 19 January 2011
You are right Sameera. A company to get itself registered under The Companies Act, 1956 need to fulfil this minimum capital requirements.
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