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Yes. Companies Act 2013 allows companies to have any Paid Up Capital. Hence there is no minimum requirement of minimum capital required to register Private Limited Company. However, most companies start with a starting Paid-up Capital of Indian Rupees One Lakh.
However, the Paid-up Capital of the Com...
Wazzeer Professional Network
ProfessionalIs there no minimum capital required to register Private Limited Company in India now?
-
Wazzeer Professional Network
ProfessionalYes. Companies Act 2013 allows companies to have any Paid Up Capital. Hence there is no minimum requirement of minimum capital required to register Private Limited Company. However, most companies start with a starting Paid-up Capital of Indian Rupees One Lakh.
However, the Paid-up Capital of the Company should not exceed Authorised Share Capital. Normally Common shares are issued. In case if you want to issue Preference shares, you will have to create a Block for the same in your Authorised Share Capital.
over 2 years ago
View answer
Is there no minimum capital required to register Private Limited Company in India now?
-
Wazzeer Professional Network
ProfessionalYes. Companies Act 2013 allows companies to have any Paid Up Capital. Hence there is no minimum requirement of minimum capital required to register Private Limited Company. However, most companies start with a starting Paid-up Capital of Indian Rupees One Lakh.
However, the Paid-up Capital of the Company should not exceed Authorised Share Capital. Normally Common shares are issued. In case if you want to issue Preference shares, you will have to create a Block for the same in your Authorised Share Capital.
over 2 years ago
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