Name availability guidelines

This query is : Resolved

Sathyan Avinash (Querist)
Follow

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

Amol S Joglekar

Amol S Joglekar (Expert)
Follow

04 January 2013 You can also try your LUCK for CORP. Through over sight, such errors may occur but at your own cost.

Ajay Mishra

Ajay Mishra (Expert)
Follow

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:
http://www.mca.gov.in/Ministry/pdf/Circular_45-2011_08july2011.pdf