Question

Difference between companies act 2013 and 1956 ias upsc

Answer 1

no such thingOne Person Company.minimum capital one lakh rupeesBut has to convert to public or private limited company IF turnover >2cr or capital >50 lakhs.private limited: 2 to 50 members2 to 200 members.minimum capital Rs.one lakhpublic limited: same in both acts7 to unlimited membersminimum capital Rs.FIVE lakhswithin that, two subgroups