I want to start a new Private Limited Company. I want "South Asia" or "Asiya Pecific" as a first name. So please guide me for the same. If I can apply with the above suggested names, if yes then please let me know about minimum Authorised Share Capital for the same. Thanking you.
16 March 2011
There should be at least to directors of the company. The two directors will be the subscriber of the memorandum and they subscribe the minimum capital. Minimum capital for a private company is INR 1,00,000/- Registration fee is depending upon the authorized capital of the company. It should be equal or more than the subscribed capital of the company. Regarding non-resident interest in the company Foreign Exchange management Act is controlled all the issue. You can invest up to 100% depending upon the type of industry.