Name availability
This query is : Resolved
Iqbal Singh Grover
(Querist)
31 January 2012
A person wants to incorporate a company.. He wants to use the word 'Universal' in the name..
What should be the minimum authorized capital ?
I read somewhere that as per the new guidelines on name availability, the minimum authorized capital for all private companies is Rs.One lacs.. There is no specific information on use of words like 'universal, Hindustan, Industries, Udyog' etc..
What should be the minimum authorized capital ?
I read somewhere that as per the new guidelines on name availability, the minimum authorized capital for all private companies is Rs.One lacs.. There is no specific information on use of words like 'universal, Hindustan, Industries, Udyog' etc..
CA Prashant Gupta
(Expert)
31 January 2012
There no specific requirement for these names.
Yes, minimum authorise capital is 1 lacs.
Yes, minimum authorise capital is 1 lacs.
Jiten Gupta
(Expert)
01 February 2012
Yes by the following Circular, MCA does not specify any ASC for specific Name..
https://www.mca.gov.in/Ministry/pdf/Circular_45-2011_08july2011.pdf
Regards
https://www.mca.gov.in/Ministry/pdf/Circular_45-2011_08july2011.pdf
Regards
Charu Srivastava
(Expert)
01 February 2012
Those requirement has been done away with through the introduction of circular mentioned by Jitendra
Iqbal Singh Grover
(Querist)
02 February 2012
https://www.mca.gov.in/Ministry/pdf/Companies_rules_15Mar2011.pdf
In these guidelines, that ASC clause is there..
In these guidelines, that ASC clause is there..
Jiten Gupta
(Expert)
03 February 2012
Guidelines provided by you are old. Refer new guidelines mentioned in link posted by me.
CA Archit Grover
(Expert)
04 February 2012
Iqbal- i have checked, there is no need of authorised capital being 5 crores. So a company can be incorporated with Rs. 1 lac capital.
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