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      Question

      A Public Company is a company which has a minimum

      paid-up share capital ____________
      A As may be prescribed Correct Answer Incorrect Answer
      B No mandatory minimum paid-up capital requirement Correct Answer Incorrect Answer
      C Five lakh rupees or fifty crore paid-up capital Correct Answer Incorrect Answer
      D One lakh rupee or such higher paid-up capital as may be prescribed Correct Answer Incorrect Answer
      E Five lakh rupees or such higher paid-up capital as may be prescribed Correct Answer Incorrect Answer

      Solution

      As per the  Companies Act, 2013 , a  Public Company is not required to have any minimum paid-up share capital . The previous requirement for minimum paid-up capital has been  abolished by the Companies (Amendment) Act, 2015 . 

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