The paid up share capital of "One Person Company" cannot be more than : Option 1: Rs. 50 Lakhs Option 2: Rs. 1 crore Option 3: Rs. 1.5 crore Option 4: Rs. 2 crore

The answer is 'Rs. 50 Lakhs'. View full solution:

CUET Accountancy - The paid up share capital of "One Person Company" cannot be more than : | PYQs + Solutions

CUET Accountancy 2023 11 June Shift 3

Company Accounts

Medium

Rs. 50 Lakhs

Rs. 1 crore

Rs. 1.5 crore

Rs. 2 crore

✅ Correct Option: 1

Related questions:

30 May Shift 2

Arrange the important steps in the correct sequence in the procedure of share issue:

(A) Receipt of Applications

(B) Allotment of Shares

(D) Issue of Prospectus

Choose the correct answer from the options given below:

2 June Shift 2

Reserve capital is

24 May Shift 1

Arrange the following in the correct sequence:

(A) Called-up capital

(B) Subscribed capital

(D) Paid-up capital

Choose the correct answer from the options given below: