Name of the proposed company

Save Share

This query is : Resolved

Guest

Guest (Querist)

27 October 2013 the following authorised capital must be maintained , if one wants to get the following key words in his proposed company name

Key Words Authorised capital Rs.

Corporation 25 Crore

Hindustan, 2 Crore
India , Indian

Industries , Udyog 5 Crore

Global , Globe 5 Crore

I want to know whether above criteria are true or not

Thanks

Ajay Mishra

Ajay Mishra (Expert)

27 October 2013 Now this minimum authorized capital requirement is not required for the above purpose.

Now you can use in proposed name with minimum capital of Rs.1 lac or Rs. 5 lac as the case may be.

Read the Name Availability Guidelines, 2011.

Nikhil Kaushik

Nikhil Kaushik (Expert)

27 October 2013 Ajay Sir,

I believe Para 10, sub -point X does mandate minimum capital as referred to in the question

https://www.mca.gov.in/Ministry/pdf/Companies_rules_15Mar2011.pdf

Ajay Mishra

Ajay Mishra (Expert)

27 October 2013 Dear Nikhil

This notification has been supercessed by Circular no 45 issued in 2011 and the same is active which is attached with Form-1A.

For more you can check below:

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

Message likes : 1 times

Ganeshbabu K

Ganeshbabu K (Expert)

27 October 2013 There is no restrictions on using special words in our company name as per latest rules
.
.
Companies (name availability) rules 2011 is ammended by vide MCA circular 45/2011.Hence there is no restriction of minimum share capital for using special words in name of company
.
.
u may refer

https://www.mca.gov.in/Ministry/pdf/Circular_45-2011_08july2011.pdf
.
.
only you need verify the name availablity as per mca records and need to choose that is not simular to existing ones

Nikhil Kaushik

Nikhil Kaushik (Expert)

27 October 2013 i stand corrected. Please follow Ankur ji and Ganesh ji advise.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now