Earlier Scenario:
As per Companies Act, 2013 the minimum paid up capital for Private Limited Company: INR 1,00,000/- For Public Limited Company: INR 5,00,000/-
Current Scenario:
As per Notification in Official Gazette issued on 05th June, 2015: No Minimum Paid-up Share Capital: The minimum paid-up share capital requirement of INR 1,00,000/- (in case of a private company) and INR 5,00,000/- (in case of a public company) under Companies Act, 2013 has been done away with. Consequently, the definitions of Private Company [Sec 2(68)] and Public Company [Sec 2(71)] stand amended. Accordingly, no minimum paid-up capital requirements will now apply for incorporating Private as well as Public Companies in India.
