Question
According to the Companies Act, 2013 what should be the
minimum paid-up capital of a public limited company?Solution
Explanation: Section 2(71) public company: “public company” means a company which—(a) is not a private company and; (b) has a minimum paid-up share capital as may be prescribed: Provided that a company which is a subsidiary of a company, not being a private company, shall be deemed to be public company for the purposes of this Act even where such subsidiary company continues to be a private company in its articles.
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