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Standard XII

Physics

Distance

A Public Comp...

Question

A Public Company must be registered with a minimum share capital of _________.

R s . 10 l a k h s

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R s . 5 l a k h s

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R s . 50 l a k h s

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Solution

The correct option is A $R s . 5 l a k h s$
As per section 2(71) of companies act, 2013 “public company” means a company which—
is not a private company;
has a minimum paid-up share capital of five lakh rupees or such higher paid-up capital, as may be prescribed.

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Similar questions

Q. A Private Company must be registered with a minimum share capital of ___________.

A limited Company was registered with an authorised capital of Rs 2,00,000 in Rs 10 shares, of these 6,000 shares were issued as fully paid to the vendors for the purchase of buildings. Pass the necessary journal entries.

Q. A Private Limited Company having paid up share capital of Rs _______ or more must appoint a whole time company secretary.

Q. Which of the following companies must appoint woman director?
(I) Listed company
(II) Public company having paid up share capital of Rs.100 Crores or more
(III) Public company having borrowing of Rs. 500 Crores or more
(IV) Public company having net capital employed of Rs. 500 Crores or more
(V) Every public company having turnover of Rs. 300 Crore or more.
Select the correct answer from the options given below -

Q. Satrun Ltd. was registered with an authorized capital of

R s . 12, 00, 000

, divided into

1, 20, 000

equity shares of

R s .10

each. It issued

40, 000

equity shares to the public at premium of

R s .5

per share, payable as follows:
On application

R s . 6

On allotment

R s . 9

(including premium of

R s . 5

)
All the shares were applied for and allotted. One shareholder holding

500

shared did not pay the allotment money and his shares were forfeited. Out of the forfeited shares, the company reissued

400

shares at

R s .7

per share fully called up.
You are required to :
(a) Pass journal entries on the book of the company.
(b) Prepare
(i) Securities Premium Reserve Account.
(ii) Share Capital Account

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A Public Company must be registered with a minimum share capital of _________.

The correct option is A Rs.5 lakhsAs per section 2(71) of companies act, 2013 “public company” means a company which—is not a private company;has a minimum paid-up share capital of five lakh rupees or such higher paid-up capital, as may be prescribed.

The correct option is A $R s . 5 l a k h s$
As per section 2(71) of companies act, 2013 “public company” means a company which—
is not a private company;
has a minimum paid-up share capital of five lakh rupees or such higher paid-up capital, as may be prescribed.