Question

    What is the minimum paid-up capital required for a

    private company under the Companies Act, 2013?
    A ₹1 lakh Correct Answer Incorrect Answer
    B ₹5 lakh Correct Answer Incorrect Answer
    C ₹10 lakh Correct Answer Incorrect Answer
    D No minimum prescribed Correct Answer Incorrect Answer

    Solution

    Explanation:Earlier, Section 2(68) prescribed a minimum paid-up capital of ₹1 lakh for private companies, but this requirement has been removed by the Companies (Amendment) Act, 2015.

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