Anish along with his six friends desires to incorporate a Section 8 Company under the Companies Act, 2013. He is seeking your advice in the following matters: (a) What is the minimum paid-up capital requirement in case o
CS Executive · Setting up of Business Entities and Closure · PYQS · December 2021
Anish along with his six friends desires to incorporate a Section 8 Company under the Companies Act, 2013. He is seeking your advice in the following matters: (a) What is the minimum paid-up capital requirement in case of a Section 8 Company ?
Answer & Explanation:
In line with the relaxation announced for Section 8 Companies under the Companies Act, 2013, Section 8 companies are not required to maintain a minimum share capital.
Topics: Company Law
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