Is there a minimum amount of shares a company must have?

As in do you have to sell a minimum amount of shares to be declared a company?

rajagopalan a2008-09-22T08:21:47Z

Favorite Answer

As per Indian Companies Act 1956, a Private company should have a minimum paid up capital of Rs. 100000 and a Public Company should have a minimum paid up capital of
Rs. 500000.

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