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.
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.
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
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
CAclubindia
