Company with word 'capital' in its name formation - query!!!

no you may go for subsequent approval before starting business

Thanks for your reply sir. Before starting business we should get RBI approval. Is it so?? or its optional??? Will it hinder the formation process if we didnt get the approval beforehand???

Hi,

the word " capital" are generally used by Financial companies.

As per law there is no restriction to have prior approval of RBI for selection of name with the word "capital". You can go ahead with filing form 1A with ROC.

Check this link for Further information,,,, See page no.5,,

https://www.mca.gov.in/Ministry/pdf/Circular_45-2011_08july2011.pdf

further solution to your query:

Follow following steps :

1. Incorparate the company
2. get the DSC of directos registered
3. Before commencing the business take RBI approval ( if nature is of financial activity )
4. file various statutory forms with other statutory bodies

Thanks Mr.Vaibhav. Sorry for asking too many questions. Pls tell me the procedure as to how to get RBI approval?? Doing all these for first time..

Saranya u dont have to be sorry ......

Generally ther are 2 ways to get RBI approval:

1) By sending the details to  authorised agent ( bank ) who in return file documents with RBI on company behalf.

2 ) By sending documents directly to RBI

I guess in your case you have to directly approch to the RBI for giving you the permission to start the business.

vaibhav_sisodiya @ yahoo.com