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The provision...

Question

The provision that a Public Limited Co. must have a paid up capital of $R s . 5$ lakhs or such higher figure as may prescribed was inserted by the Companies Amendment Act ___________.

A

1999

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B

2000

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C

2002

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D

1998

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Solution

The correct option is B $2000$
As per the provisions of Companies Amendment Act 2000 a public limited company is company-
a) which is not a private company
b) Has a minimum paid up share capital of Rs-5 lakhs or more
c) is a private company which is a subsidiary of a public company.

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