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The lesson observes that the SPICe+ filing fee for incorporation has been reduced to zero for proposed companies within certain caps. For a company having share capital, what is the authorised-capital cap below which the SPICe+ fee is zero?
Answer & Solution
Correct answer: D.
1. The lesson points out a concession around SPICe+ filing fees.
2. For proposed companies with share capital, the fee is zero up to Rs. 15 lakhs authorised capital.
3. For companies without share capital, the same zero fee applies up to 20 members.
4. Above these caps, the normal scaled fee schedule applies.
_Source: ICSI CS Executive Paper 3 (Setting up of Business Entities and Closure) — Lesson 1: Choice of Business Organisation, pp. 2-11._
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