Minimum Authorised capital Requirement

Dear Ashish

I WANT TO INCORPORATE A NEW COMPANY THAT WILL BE ENGAGED IN THE BUSINESS OF HUMAN RESOURCE OUTSOURCING. CAN YOU PLEASE TELL ME THAT IS THERE ANY REQUIREMENT FOR MINIMUM AUTHORISED CAPITAL? e.g. IN CASE OF CONSTRUCTION COMPANY, WE NEED ATLEAST 10 CRORES OF AUTHORISED CAPITAL TOGET IT INCORPORATED. PLEASE DO REPLY AS SOON AS YOU CAN. THANKS!!!

Find attached a useful file containing key words for authorized capital.

However as per my understanding in your case there is no requirement of minimum authorized capital.

Originally posted by : MINI
	I WANT TO INCORPORATE A NEW COMPANY THAT WILL BE ENGAGED IN THE BUSINESS OF HUMAN RESOURCE OUTSOURCING. CAN YOU PLEASE TELL ME THAT IS THERE ANY REQUIREMENT FOR MINIMUM AUTHORISED CAPITAL? e.g. IN CASE OF CONSTRUCTION COMPANY, WE NEED ATLEAST 10 CRORES OF AUTHORISED CAPITAL TOGET IT INCORPORATED. PLEASE DO REPLY AS SOON AS YOU CAN. THANKS!!!

 The minimum authorised and paid up capital required for incorporating a private limited company in India is Rs.1.00 lac. This is applicable to human resource outsourcing company as well as construction company. However, if you want certain special words to form part of your name, amount of minimum authorised capital gets increased as per guidelines of MCA. Minimum authorised capital of Rs. 10 crores for Construction company is not correct.

Thanks,

CA. Satendar Kumar

Mobile No. 9810543531

THANX 4 UR VALUABLE REPLIES.

SOMEDAYS AGO I WAS INCORPORATING A NEW COMPANY. IN ITS MEMORANDUM I HAVE PLACED 3 MAIN OBJECTS- 1. MARKETING,2. CONSTRUCTION, 3. INSURANCE. BUT WHEN I WENT FOR THE APPROVAL OF FORM 1, THE OFFICERS OVER THERE SENT BACK THE FORM EXPLAINING THAT THE FORM NEED RE-SUBMISSION. THEY SAID WE HAVE AUTHORISED CAP. OF RS. 10 LACS AND WANT TO ENGAGE IN CONSTRUCTION CO-WHICH NEED MIN. 10 CRORES OF CAPITAL. THATS WHY I JUST WANNA CONFIRM THIS.

Hi friends,

One of our clients wants to incorporate a company with CAPITAL as the key first word. The main objects of the company are building construction, interior designing and architectural work. Due to these objects, s there any limitations in giving CAPITAL as the key word and, if so, what? Also, if there is no limitations, what would be minimum authorized capital for using CAPITAL as the key word.

Could anybody clarify

Thanks

Hariharakrishnan

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