Name availability guidelines
This query is : Resolved
04 January 2013
Dear Experts,
One of our clients wants to incorporate a private limited company with the name ending with the words "corp".
As per the Companies (Name Availability) Rules, 2011 if the company name contains the word corp, then the authorised share capital should be atleast Rs. 25 Crores. In the said rules, it has been stated that these rules would become applicable once published in the official gazette.
Now my query is whether these rules have come into force ?
One of our fellow professional has incorporate a new private limited company with the words "industry" but with authorised share capital of Rs. 1,00,000/- as opposed to Rs. 50,00,000/-.
Kindly enlighten.
Awaiting your early reply.
Thank you,
With regards,
Sathyan
e-mail: sathyanavinash@gmail.com
One of our clients wants to incorporate a private limited company with the name ending with the words "corp".
As per the Companies (Name Availability) Rules, 2011 if the company name contains the word corp, then the authorised share capital should be atleast Rs. 25 Crores. In the said rules, it has been stated that these rules would become applicable once published in the official gazette.
Now my query is whether these rules have come into force ?
One of our fellow professional has incorporate a new private limited company with the words "industry" but with authorised share capital of Rs. 1,00,000/- as opposed to Rs. 50,00,000/-.
Kindly enlighten.
Awaiting your early reply.
Thank you,
With regards,
Sathyan
e-mail: sathyanavinash@gmail.com
04 January 2013
You can also try your LUCK for CORP. Through over sight, such errors may occur but at your own cost.
04 January 2013
Hi
Now, the minimum capital clause requirement is only for financing company where RBI or other regulatories is required.
As per current guidelines, no objection of using this word and no need to maintain minimum capital.
For guidelines:
go to following:
https://www.mca.gov.in/Ministry/pdf/Circular_45-2011_08july2011.pdf
Now, the minimum capital clause requirement is only for financing company where RBI or other regulatories is required.
As per current guidelines, no objection of using this word and no need to maintain minimum capital.
For guidelines:
go to following:
https://www.mca.gov.in/Ministry/pdf/Circular_45-2011_08july2011.pdf
05 January 2013
Thank you experts for your valuable inputs.
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