Dear Experts
what is the minimum no. of shares to be subscribed by the promoters in a newly incorporated pvt. ltd. co.Its URGENT
Nitin Grover
(CS)
(1228 Points)
Replied 24 June 2010
Dear Vinod
No Minimum limit of shaers are required. Their is only minimum paid up share capital of Rs. 1,00,000 /- and Two promoters.
So min is Two Shares (logically) because min two shares. its in that case only if Face Value of per share is 50,000 or above.
So total paid up share capital must be min 1,00,000 rs
Regards
Deepak Maharishi
(CS)
(514 Points)
Replied 24 June 2010
Dear Vinod,
The requirement of a private limited company is to have a minimum paid up capital of Rs. 1,00,000/-.
That means the requirement is related with the amount and not number of Shares. That solely depends on the face value of the shares.
Suppose the face value of a share is Rs. 10 then, the minimum number of shares would be 10,000.
Hope this clarifies.
Views of other members are also solicited.
Thanks and regards
Deepak Maharishi
Kalpesh Chauhan,
(Tax Assistant (Accounting Technician CA FINAL CS PROF. PROG. B.Com))
(8311 Points)
Replied 24 June 2010
Originally posted by : Deepak Maharishi | ||
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Dear Vinod, The requirement of a private limited company is to have a minimum paid up capital of Rs. 1,00,000/-. That means the requirement is related with the amount and not number of Shares. That solely depends on the face value of the shares. Suppose the face value of a share is Rs. 10 then, the minimum number of shares would be 10,000. Hope this clarifies. Views of other members are also solicited. Thanks and regards Deepak Maharishi |
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agree with Deepak Maharishi
Originally posted by : Deepak Maharishi | ||
![]() |
Dear Vinod, The requirement of a private limited company is to have a minimum paid up capital of Rs. 1,00,000/-. That means the requirement is related with the amount and not number of Shares. That solely depends on the face value of the shares. Suppose the face value of a share is Rs. 10 then, the minimum number of shares would be 10,000. Hope this clarifies. Views of other members are also solicited. Thanks and regards Deepak Maharishi |
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agree with deepak
CA Mihir Shah
(Working with Suresh Surana & Associates)
(231 Points)
Replied 25 June 2010
rightly said deepak...
CS Harsad Seta
(sr.officer accounts)
(23 Points)
Replied 18 September 2010
I am also agree with Deepak
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