Incorporation of limited company

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Kaushik Vinod (Querist)
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15 January 2013 Dear Experts,

1.What are the minimum requirement to float a Limited Company in comparison to Private Limited Company having Authorised Capital of 100000. Please Advice.

2.Is there any additional requirement in Law if we want to obtain a name of the company with the word INdia or National like
XYZ Industries(India) private Limited.

Thanks

Ajay Mishra

Ajay Mishra (Expert)
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15 January 2013 Hi

Procedural requirement for formation of new public company:

1. Obtain Digital signature of one of the promoter/director
2. Obtain DIN of at least two director
3. After obtaining approved DIN file Form 1A with ROC for name availability
4. If name is available ROC give name with in 3 days from the date of assigning
5. U will print at least two MOA and AOA.
6. File Form 1, 18, and 32 with the concerned ROC with the prescribed as given in Schedule X
7. File document like MOA and AOA for correction and other formalities, if required
8. After verification of documents of incorporation, ROC generate the Company Identification Number (CIN) and issue certificate of Incorporation at the registered address of the company

Payment of fee for respective form for incorporation of Limited Ltd.

5. For Form 1A is fixed of Rs. 1000/-
6. For Form 1 u should pay as per your Authorised Capital
7. Form 18 fee is Rs. 500/-
8. Form 32 fee is Rs. 500/-

If you wanted to pay fee first of all your longing should be on MCA portal. Payment of challan will be made online through MCA Portal.

For Public Limited Company, you should have following:

-Minimum Authorised and Paid up capital should be Rs. 500000/-
-Minimum numbers of promoters/subscriber of MOA should be seven.
-Minimum number of director should be three.

Ajay Mishra

Ajay Mishra (Expert)
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15 January 2013 As per new Name Availability Guidelines, No need to maintain minimum authorised capital for using India, Inc. Corporation etc. You are free to use these words without maintaining the minimum capital clause.

The minimum capital clause is only required for NBFC company.

So, you can use the word as you mention freely.

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