Authorised capital
This query is : Resolved
k varadharajan
(Querist)
24 January 2012
Dear Friends
For creating a Pvt Ltd Company with " International" what should be the Authorised Capital.
Previuosly it was Rs.50.00 lacs.
Please Clarify
Thank you in advance
K.Varadharajan
For creating a Pvt Ltd Company with " International" what should be the Authorised Capital.
Previuosly it was Rs.50.00 lacs.
Please Clarify
Thank you in advance
K.Varadharajan
CS Mitesh Mehta
(Expert)
24 January 2012
If you are using the word "International" being the first word of the name- Authorized capital should be Rs. 1 Crore
If the word "International" is used within the name (with or without brackets)- Authorized capital should be Rs. 50 Lakhs
If the word "International" is used within the name (with or without brackets)- Authorized capital should be Rs. 50 Lakhs
24 January 2012
Mitesh Ji
But in Companies Name (Availability ) Rules,2011 the figures given are 5 and 2 crores respectively. Please see the said rules in https://www.mca.gov.in/Ministry/pdf/Companies_rules_15Mar2011.pdf
But in Companies Name (Availability ) Rules,2011 the figures given are 5 and 2 crores respectively. Please see the said rules in https://www.mca.gov.in/Ministry/pdf/Companies_rules_15Mar2011.pdf
Jiten Gupta
(Expert)
24 January 2012
Dear Experts,
These rules has been eliminated as now company is free to have any Authorised Share Capital irrespective of any Name.
https://www.mca.gov.in/Ministry/pdf/Circular_45-2011_08july2011.pdf
These rules has been eliminated as now company is free to have any Authorised Share Capital irrespective of any Name.
https://www.mca.gov.in/Ministry/pdf/Circular_45-2011_08july2011.pdf
24 January 2012
Agree With Warrier Sir...
Please check out General Circular No. 45/2011 dated: 08/07/2011 & 48/2011 dated: 22/07/2011.
The Name Availability Guidelines, 2011 and revised e-form 1A has been implemented with effect from 24th July, 2011.
Please check out General Circular No. 45/2011 dated: 08/07/2011 & 48/2011 dated: 22/07/2011.
The Name Availability Guidelines, 2011 and revised e-form 1A has been implemented with effect from 24th July, 2011.
CS Mitesh Mehta
(Expert)
24 January 2012
Agreed with Shri. B. Chackrapani.
Jiten Gupta
(Expert)
24 January 2012
Dear Sanjay Sir,
But link mentioned by me above does not say anything with regard to Authorized Share Capital.
Plz clarify, if i am wrong.
But link mentioned by me above does not say anything with regard to Authorized Share Capital.
Plz clarify, if i am wrong.
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Jiten Gupta
(Expert)
24 January 2012
Also in following link u have mentioned this is right.
https://www.caclubindia.com/experts/authorised-capital-small-amount-or-big-amount-868150.asp
https://www.caclubindia.com/experts/authorised-capital-small-amount-or-big-amount-868150.asp
24 January 2012
Dera Jitendra Ji Thanks for Notifying...I did not see the link given by Warrier Sir...
Actual matter...
15March, 2011--Name Name Availability Rules 2011 are placed.
Applicable guidelines are given vide circular no 45/2011 dated: 08/07/2011.
These guidelines supersede all previous circulars and instructions issued by MCA regarding name availabillity, thereby, inter alia, doing away with the higher minimum authorised share capital criteria for use of certain key words in the corporate names i.e. “Corporation”, “International”, “InterContinental”, "Global", “Asia”, “India”, "Hindustan", “Industries”, “Enterprises”, “Business”, “Manufacturing” etc.;
45/2011 came to effect vide circular 48/2011 dated: 22/07/2011.
Therefore, only 45/2011 needs to be considered. As far as my reply on your earlier post concerned stands correct.
Actual matter...
15March, 2011--Name Name Availability Rules 2011 are placed.
Applicable guidelines are given vide circular no 45/2011 dated: 08/07/2011.
These guidelines supersede all previous circulars and instructions issued by MCA regarding name availabillity, thereby, inter alia, doing away with the higher minimum authorised share capital criteria for use of certain key words in the corporate names i.e. “Corporation”, “International”, “InterContinental”, "Global", “Asia”, “India”, "Hindustan", “Industries”, “Enterprises”, “Business”, “Manufacturing” etc.;
45/2011 came to effect vide circular 48/2011 dated: 22/07/2011.
Therefore, only 45/2011 needs to be considered. As far as my reply on your earlier post concerned stands correct.
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