According to Sec 2 (62) of Companies Act

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Target Exam

CUET

Subject

-- Accountancy Part A

Chapter

Accounting for Shares

Question:

According to Sec 2 (62) of Companies Act, 2013, the maximum amount of paidup share capital of an OPC is:

Options:

50 Lakhs

2 Crore

10 lakhs

1 crore

Correct Answer:

50 Lakhs

Explanation:

The correct answer is Option (1) → 50 Lakhs