Business Studies

Minimum paid up share capital in case of a private company is _______.


ANSWER

$$1$$ Lakh


SOLUTION
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 business.
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