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Authorised Capital

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Querist : Anonymous

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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.
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Aditya Maheshwari

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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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