What is Companies Act Section 2(68)

By |2021-07-01T08:54:26+00:00August 21st, 2018|Categories: Company Articles|Tags: , , , , , , |

INTRODUCTION Companies Act Section 2(68) states that a company with the minimum paid-up share capital of one lakh rupees or higher as may be prescribed, is said to be a Private Company. It provides that: there is a restriction in transferring its shares its members are limited to two hundred, except in One Person Company prohibits [...]