Authorised Capital
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 March 2010
I want to incorporate a company cantaining a word "broking". Can i keep the authorised capital of the company as Rs.5lacs?. If not then what should be the minimum authorised share capital of the company.?
Thanking you in advance.
Thanking you in advance.
Aditya Maheshwari
(Expert)
16 March 2010
There is no minimum capital resquirement for using word "broking". However if the company is going to become a member of BSE or NSE then networth requirement is necessary as per their guidelines
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