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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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