Practicing Success
Practicing Success
CUET Preparation Today
| A company is registered with a share capital of Rs 1,00,000 Rs. divided into Rs 10,000 shares of Rs 10 each. Of these shares 9,990 shares are held by Rajeev and 10 Shares are held by Sanjay. In the eye of law it is treated as which company? |
A public Company A private company A government company A firm |
| A private company |
| The Companies Act, 2013 earlier mandated that all Private Limited Companies have a minimum paid-up capital of Rs. 1 lakh. This meant that Rs. 1 lakh worth of money had to be invested in the company by purchase of the company shares by the shareholders to start the business. |
