Which of the following is NOT a requirement for a private company under section 2(68) of the Companies…

Section 2(68) of the Companies Act, 2013 defines a private company as one which by its articles restricts the right to transfer its shares, limits the number of its members to two hundred (except in the case of a One Person Company), and prohibits any invitation to the public to subscribe for its securities. The requirement of a minimum paid-up share capital (formerly one lakh rupees or such higher amount as prescribed) was omitted by the Companies (Amendment) Act, 2015, so it is no longer a requirement.