Business Studies

Central Government has prescribed that public companies with paid up share capital of ____________; or turnover of ____________; or in aggregate, outstanding loans/ borrowings/ debentures/ deposits/ exceeding ___________ as on the last date of latest audited financial statements mentioned below shall also have at least ________ as independent directors.


ANSWER

Rs.10 crore or more; Rs.100 crore or more; Rs.50 crore or more; 2 directors


SOLUTION
The Companies Act, 2013 defied a Public Limited Company as a private company means a company having a minimum paid-up share capital of one lakh rupees or such higher paid-up share capital as may be prescribed.Hence, a public limited company can also be started without a minimum capital of rupees five lakhs.
Rs.10 crore or more; Rs.100 crore or more; Rs.50 crore or more; 2 directors.
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Single Correct Medium Published on 18th 08, 2020
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