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    Question

    According to the Companies Act, 2013 what should be the minimum paid-up capital of a public limited company?

    A Rs. 2 lakhs Correct Answer Incorrect Answer
    B Rs. 10 lakhs Correct Answer Incorrect Answer
    C Rs. 25 lakhs Correct Answer Incorrect Answer
    D No such requirement Correct Answer Incorrect Answer

    Solution

    Explanation: Section 2(71) public company: “public company” means a company which—(a) is not a private company and; (b) has a minimum paid-up share capital as may be prescribed: Provided that a company which is a subsidiary of a company, not being a private company, shall be deemed to be public company for the purposes of this Act even where such subsidiary company continues to be a private company in its articles.

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