Naming a company as india private limited

Save Share

This query is : Resolved

Rawther Riswan (Querist)

02 April 2012 I would like to know about Changing the name of a Existing company as EMS HEALTHCARE INDIA PRIVATE LIMITED. Is there is any Minimum Capital Required to name as India? and What about other Procedures. Should i get any NOC Cetificate from anyone.

Ajay Mishra

Ajay Mishra (Expert)

02 April 2012 Hi

Yes, for using "India" words with or without bracket with in the name like u, the minimum authorised share capital should be Rs. 5 lakh. As per Circular No. 27/1/87/CL.III, dated 13.3.1989.

Regards

Message likes : 1 times

CA Prashant Gupta

CA Prashant Gupta (Expert)

02 April 2012 Ya minimum capital requirement is authorize capital of Rs. 5 lacs.

Message likes : 1 times

Charu Srivastava

Charu Srivastava (Expert)

02 April 2012 Agree with the experts...

Guidelines as to use of Key words
"With a view to maintain uniformity, the following guidelines may be followed in the use of keywords, as part of name, while making available The proposed names under section 20 and 21 of the Companies Act, 1956

# Key Words Required Authorized Capital
1. Corporation Rs. 5 Crore
2. International, Globe, Universal, Continental, Inter Continental, Asiatic, Asia being the first word of the name Rs. 1 Crore
3. If any of the words at (2) above is used within the name (with or without brackets) Rs. 50 Lakh
4. Hindustan, India, Bharat being first word of the name Rs. 50 Lakh
5. If any of the words at (4) above is used within the name (with or without brackets) Rs. 5 Lakh
6. Industries / Udyog Rs. 1 Crore
7. Enterprises, Products, Business, Manufacturing Rs. 10 Lakh

These names with key words at Serial Nos. (6) And (7) may be considered when the company proposes to deal in various business activities or the company is already carrying on various business activities (in the case of change of name). F. No. 27/1/87-CL-III dated 13-03-1989: (1989) 65 com cases 536 (St.)

Message likes : 1 times

Ajay Mishra

Ajay Mishra (Expert)

14 September 2012 Hi

My apologize for my earlier reply.

As per new Companies (Name Availability) Rule, 2011, the minimum authorised capital structure has been change.

For using "India" being first word of the name, the minimum authorised share capital is Rs. 2 crores.

If the "India" word is used in middle whether in bracket or not, then minimum authorised share capital of company should be Rs.25 Lakhs.

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