Authorised capiatl for using 'india' in mid of the name
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 March 2012
sir,
can anybody tell me what is the exact minimum authorised capital required for using word "india " in the mid of the name of a company.
I am little confused because as per Draft of the Companies (Name Availability) Rules, 2011 it is Rs. 25 Lacs whereas everybody is telling me for Rs. 5 Lakhs.
Thanks & Regards.
can anybody tell me what is the exact minimum authorised capital required for using word "india " in the mid of the name of a company.
I am little confused because as per Draft of the Companies (Name Availability) Rules, 2011 it is Rs. 25 Lacs whereas everybody is telling me for Rs. 5 Lakhs.
Thanks & Regards.
Jiten Gupta
(Expert)
01 March 2012
No any barrier on keeping ASC!!!
You can keep the ASC as per your desire...
You can keep the ASC as per your desire...
CS Mitesh Mehta
(Expert)
01 March 2012
Yes
As per Companies (Name Availability) Rules, 2011 If the word "India" is used
within the name (with or without brackets), required authorized capital is Rs. 25 lakhs
As per Companies (Name Availability) Rules, 2011 If the word "India" is used
within the name (with or without brackets), required authorized capital is Rs. 25 lakhs
Jiten Gupta
(Expert)
01 March 2012
Check the link below!!!!
There are many companies have been formed with name india in Mid of their name!!!
No any prequisite for ASC!!!
https://www.mca.gov.in/Ministry/pdf/Circular_45-2011_08july2011.pdf
There are many companies have been formed with name india in Mid of their name!!!
No any prequisite for ASC!!!
https://www.mca.gov.in/Ministry/pdf/Circular_45-2011_08july2011.pdf
01 March 2012
Companies (Name availability) Rules 2011 is superseded (date wise) by Circular 45/2011. Hence there is no cap.
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