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What is minimum paid up capital for private company and public company?
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What is minimum paid up capital for private company and public company...
In private company -Minimimum 1 lakh.In public company - minimum 5 lakh
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What is minimum paid up capital for private company and public company...
Paid-up capital is the amount of money a company has received from shareholders in exchange for shares of stock. Paid-up capital is created when a company sells its shares on the primary market directly to investors, usually through an initial public offering (IPO).

## A public limited company is required to have a minimum paid-up capital of Rs 5 lakh or such higher amount as prescribed under the act.
## Earlier, the minimum capital required to incorporate a Private Limited Company in India was Rs 100000. However, after the Companies (Amendment) Act, 2013, the said requirement was removed.

The Companies Act 2013 earlier mandated that all private limited companies will have to keep a minimum paid up capital of Rs 1 lakh. This provision meant that Rs 1 lakh worth of money had to be invested in the company by purchase of the company's shares to start business.
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What is minimum paid up capital for private company and public company?
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