Consider the following statement. (i) Paid up share capital which doesn't exceed 50 lakh rupees or such higher amount as may be prescribed which shall not be more than 5 crore rupees. (ii) Paid up share which extends up to 50 lakh rupess or higher amount as may be prescribed which shall extends more than 5 crore. Which of the following statements is/are correct?

Consider the following statement. (i) Paid up share capital which doe

1.	Consider the following statement. (i) Paid up share capital which doesn't exceed 50 lakh rupees or such higher amount as may be prescribed which shall not be more than 5 crore rupees. (ii) Paid up share which extends up to 50 lakh rupess or higher amount as may be prescribed which shall extends more than 5 crore. Which of the following statements is/are correct?
A.	Only I
B.	Only II
C.	Both I and II
D.	None of the Above
Answer» B. Only II