Maharshtra rent control act

Querist : Anonymous (Querist) 15 December 2011 This query is : Resolved
can u tell me what all things are coverd under section 3 of maharshtra rent control...let me know what things come under paid-up share capital of Rs. 1 crore or more..whatnthis word paid up capital includes..

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ajay sethi (Expert) 15 December 2011
Section 3 of the Maharashtra Rent Act exempts certain categories of premises. Any premises let or sublet to a bank or any Public Sector Undertaking or a limited company having paid up share capital of one crore and more is outside the purview of the Maharashtra Rent Control Act, 1999.

Querist : Anonymous (Querist) 15 December 2011
please tell me what does the word share capital meansand what all things comes under paid share capital...

Shonee Kapoor (Expert) 15 December 2011
Funds raised by issuing shares in return for cash or other considerations

Regards,

Shonee Kapoor
harassed.by.498a@gmail.com

Raj Kumar Makkad (Expert) 16 December 2011
I do agree with sethi & kapoor,

Sailesh Kumar Shah (Expert) 16 December 2011
For applicability of section share capital shall be paid up.
Suppose, if authorised is 1.25 cr. and paid-up 75 lacs, then the provisions of this section doesn't apply.

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