Question

Name the type od company which must have a minimum paid up capital of 5 lacs

Answer 1

its a public company 
which issue shares to the public to raise there capital

public company defination -  '' it is the group of private individuals who invest                                                         there  money in some common stock and gets and                                                  share  the profits of it on the basis of capital                                                               invested by  them. ''                         
                          


       public company needs atleast a capital of 5 lacs to register in the company        registrar office.and to come into existance