Comparative Table between Companies Act, 2013 and Companies (Amendment) Act, 25th May ,2015 Section Act of 2013 [1] Act of 2015 [2] Effect/Comments 2(68): Definitions “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 , and which by its articles “of one lakh rupees or such higher paid-up share capital as may be prescribed ” OMITTED 1. Formation of a private limited company requires no minimum amount of capital 2. Any and every private company will be covered under the definition of a private company under the Act 3. May increase risk factor for shareholders, as start-up requires no minimum amount of capital 4. Company may undertake more business than it is capable of, which adversely affects its liquidity 2(71)(b): Definitions “public
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