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Can a single family contribute the entire initial capital of Rs.5 crore or major part of the capital ?

April 26, 2017Capital contribute crore entire family initial rs.5

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Can a single family contribute the entire initial capital of Rs.5 crore or major part of the capital ?

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The contribution towards capital of a LAB by a single family should not exceed 40% of the total paid up capital of the LAB. Proposals having diversified share holdings are preferred.