Name application
This query is : Resolved
08 May 2009
whether any link of authorised caital requirement with the main object of the company.
Ankur Garg
(Expert)
08 May 2009
No there is no link between authorised caital and main object of the company.
However, name of the company plays an important role while deciding the AC of the company at the time of Incorporation.
Regards
However, name of the company plays an important role while deciding the AC of the company at the time of Incorporation.
Regards
08 May 2009
There is a link between authorised capital and main object of the company. For example if the main object is 'manufacturing' minimum authorised capital need to be Rs.10 lakhs.
CA Nitin Wadhwani
(Expert)
09 May 2009
There is no where written in the law that if the activity is manufacturing the mimimum capital has to be 10 lakhs.
So, i agree with Mr. Ankur.
So, i agree with Mr. Ankur.
11 May 2009
Dear Sir/ Madam,
This is to inform you that in term of the provisions under Regulation 17 of the Companies Regulations, 1956, the above-cited Form1A dated 24-04-2009 filed ##4 ##5 vide SRN A60558707 has been examined and marked as Sent for resubmission with the following remarks-
Pleast suggest the names in consonance with the proposed object also enhance the authorised capital to Rs. 10.00 lakhs as the proposed object is manufacturing activities
Please advice
This is to inform you that in term of the provisions under Regulation 17 of the Companies Regulations, 1956, the above-cited Form1A dated 24-04-2009 filed ##4 ##5 vide SRN A60558707 has been examined and marked as Sent for resubmission with the following remarks-
Pleast suggest the names in consonance with the proposed object also enhance the authorised capital to Rs. 10.00 lakhs as the proposed object is manufacturing activities
Please advice
Soumitra Chawathe
(Expert)
13 May 2009
I think this will give you a brief idea about the problem which you are talking.
Table of Key words controlling Authorised Capital
Key Words in the Name of a company Authorised Capital
Required (INR)
Corporation-5 Crores
International, Globe, Global, Universal,
Universe, Continental, Inter-Continental,
Asiatic, Asia, Asian, World being the first
word of the name - 1 Crore
If any of the key words at 2 above is used
within the name (with or without brackets)-50 lakhs
Hindustan, Hindustani, Hindustanee, India,
Indian, Bharat, Bhrarati, Bharatiya,
Bharateeya, being the first word of the
name - 50 lakhs
If any of the key words at 4 above is used
within the name (with or without brackets)-5 Lakhs
Industries / Udyog / industrial, industry 1 Crore
Enterprises, Enterprise, products, product,
Business, Manufacturing, manufacture
10 lakhs
SO as you can see, if your co is a manufacturing one, i think the minimum authorized capital must be Rs. 10 lacs.
Table of Key words controlling Authorised Capital
Key Words in the Name of a company Authorised Capital
Required (INR)
Corporation-5 Crores
International, Globe, Global, Universal,
Universe, Continental, Inter-Continental,
Asiatic, Asia, Asian, World being the first
word of the name - 1 Crore
If any of the key words at 2 above is used
within the name (with or without brackets)-50 lakhs
Hindustan, Hindustani, Hindustanee, India,
Indian, Bharat, Bhrarati, Bharatiya,
Bharateeya, being the first word of the
name - 50 lakhs
If any of the key words at 4 above is used
within the name (with or without brackets)-5 Lakhs
Industries / Udyog / industrial, industry 1 Crore
Enterprises, Enterprise, products, product,
Business, Manufacturing, manufacture
10 lakhs
SO as you can see, if your co is a manufacturing one, i think the minimum authorized capital must be Rs. 10 lacs.
14 May 2009
as stated above we do not have key word like manufacturing in the name .only the object is to manufacture.still is it applicable.
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