Question

The minimum amount of paid up capital for public company is ________. (Fill in the blank by choosing correct option) a) Five lakhs b) one lakhs c) ten lakhs

Answer 1

The minimum amount of paid up capital for public company is one lakhs.

Answer 2

According to the Indian Companies Act, 2013 every new or start-up companies should pay a particular amount as capital.

The capital amount to be paid by the public sector start-ups and private sector start-ups vary depending on their types.

In the case of Public limited start-ups, the capital amount is Rupees five lakhs which are higher than the private sector companies.