Multiple choice

What is the minimum paid-up capital for a private limited company?

  1. Rs. 1 lakh

  2. Rs. 10 lakh

  3. Rs. 50 lakh

  4. Rs. 75 lakh

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The Companies Act, 2013 earlier mandated that all Private Limited Companies have a minimum paid up capital of Rs. 1 lakh. This meant that Rs. 1 lakh worth of money had to be invested in the company by purchasing the company's shares by the shareholders to start business.