Capital requirement for private limited company
What is the initial capital requirement for registering as a pvt limited company in India?
Dear Sir / Madam
post Companies (Amendment ) Act, 2015 there is no minimum paid up share capital requirement for Private Company or Public Company
previously paid up share capital requirement in case of Private Company was Rs. 1,00,000/- and in the case of Public Company it was Rs. 5,00,000/ -
As per the Companies Amendment Act 2005 there is no such requirement of capital requirement for private limited company which was present earlier.
The following text will be relevant for you:
Companies Amendment Act 2005
2. In section 2 of the Companies Act, 2013 (hereinafter referred to as the principal Act),— (i) in clause (68), the words “of one lakh rupees or such higher paid-up share capital” shall be omitted; (ii) in clause (71), in sub-clause (b), the words “of five lakh rupees or such higher paid-up capital,” shall be omitted.
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