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 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

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. Since there is no prescribed amount therefore there is no minimum paid-up capital requirement.

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