5,00,000 is the minimum paid up capital required for opening a private company.
(True/False)
Answers
Answered by
1
Explanation:
its false bcz we can open a private company without paying at first too
Answered by
1
Answer:
False
Explanation:
The Companies Act 2013 earlier mandated that all private limited companies will have to keep a minimum paid up capital of Rs 1 lakh. This provision meant that Rs 1 lakh worth of money had to be invested in the company by purchase of the company's shares to start business.
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