Posted By : CS Shiriti
/ Published on :
20-Mar-2021 07:25 AM / View :
136 / Comments :
"No Minimum paid-up capital:"
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The Companies Amendment Act, 2015 has come up with an amendment that there no minimum capital requirement for starting a public limited company. the words of five lakh rupees or such higher paid-up share capital has been removed which pertains to the minimum paid up share capital of the company. So a public limited company can start its business without any amount of minimum capital restriction.
While rule-4 (1) of NIDHI Rules, 2014 says
(1) A Nidhi 1[Omitted] shall be a public company and shall have a minimum paid up equity share capital of five lakh rupees.
MCA not allowing to Incorporate with 1 lac Capital while already some companies Incorporated with 1 Lac so not able to clear about the Applicability of Act or Rule which one supersede ?
Company Name MAHILA PARIVARTAN URBAN NIDHI LIMITED
ROC Code RoC-Mumbai
Registration Number 355452
Company Category Company limited by Shares
Company Sub Category Non-govt company
Class of Company Public
Authorised Capital(Rs) 500000
Paid up Capital(Rs) 100000
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