Capital requirement
This query is : Resolved
jitendra singh
(Querist)
13 April 2012
i want to incorporate a pvt ltd. with the name of "NATIONAL COMPUTER SERVICE PRIVATE LIMITED" what shall be the requirement of authorised cqapital
Jiten Gupta
(Expert)
14 April 2012
Rs. 1,00,000 as minimum authorised share capital.
CA Kishore Tallam
(Expert)
14 April 2012
As per Sec 3(1)(iii), for a Private Company, minimum paid up capial should be Rs. 100,000 and minimum paid up capital for public company is Rs. 500,000.
There is no specific mention about minimum authorised capital.
However, the companies act says that the authorised capital shall not be less than paid up capital, hence the minimum authorised capital for a pvt company is also Rs. 100,000.
There is no specific mention about minimum authorised capital.
However, the companies act says that the authorised capital shall not be less than paid up capital, hence the minimum authorised capital for a pvt company is also Rs. 100,000.
jitendra singh
(Querist)
14 April 2012
I want to know is there any additional requirement as to authorised capital if "NATIONAL" word is used
Jiten Gupta
(Expert)
14 April 2012
not such as!! MCA by circular
https://www.mca.gov.in/Ministry/pdf/Circular_45-2011_08july2011.pdf
has replaced the previous circular.
https://www.mca.gov.in/Ministry/pdf/Circular_45-2011_08july2011.pdf
has replaced the previous circular.
Message likes :
1 times
15 April 2012
Hi
I think there is no need to bring the additional Authorised Share Capital for the word "National" using in the companies name. You can clarify through the following link
https://www.mca.gov.in/Ministry/pdf/Companies_rules_15Mar2011.pdf
I think there is no need to bring the additional Authorised Share Capital for the word "National" using in the companies name. You can clarify through the following link
https://www.mca.gov.in/Ministry/pdf/Companies_rules_15Mar2011.pdf
Message likes :
1 times
CA Kishore Tallam
(Expert)
17 April 2012
Not required to have any additional capital if such word is there.
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