
Public Restricted Firm Registration Act
A public restricted firm has been outlined in part three (2) (iv) to imply which- (a) will not be a non-public restricted firm to be prefered. (b) The minimal paid-up capital of a public firm which has 5 lakh rupees or such increased paid-up capital as could also be prescribed. (c) is a non-public restricted firm which is a subsidiary of an organization which isn't thought-about as a non-public restricted firm. As per amendments made in clauses (iii) and (iv) of sub-section (1) by the Act of 2000. The minimal paid-up capital of a non-public restricted firm will need to have Rs.1 lakh for his or her registration.
The minimal paid-up capital of a public restricted firm will need to have a Rs.5 lakhs. This requirement can solely be compiled with by the promoters/ subscribers to the memoran...