Maharashtra rent control act

I fail to understand how would the Rent control act come in picture for this query.

We need to file the suit for Mens profit so it there paid up capital was one crore on March 31 2008 so Maharashtra Rent Control Act Ceases.

So Can we file the Suit on Basis of Pad Up Capital as on MArch 31 2008

No, paid up shall be counted as per the recent date.

yes paid up shall be counted as per the recent date.

3. Exemption.
(1) This Act shall not apply ----
(a) to any premises belonging to the Government or a local authority or apply as against
the Government to any tenancy, licence or other like relationship created by a grant from
or a licence given by the Government in respect of premises requisitioned or taken on
lease or on licence by the Government, including any premises taken on behalf of the
Government on the basis of tenancy or of licence or other like relationship by, or in the
name of any officer subordinate to the Government authorised in this behalf, but it shall
apply in respect of premises let, or given on licence, to the Government or a local
authority or taken on behalf of the Government on such basis by, or in the name of, such
officer;
(b) to any premises let or sub-let to banks, or any Public Sector Undertakings or any
Corporation established by or under any Central or State Act, or foreign missions,
international agencies, multinational companies, and private limited companies and
public limited companies having a paid up share capital of more than rupee one crore or
more.