Using word "corporation" for incorporating a new company
Querist : Anonymous
e.g. ABC CORPORATION PVT LTD
Now whether we required the Authorised capital as 2 crore for using such word in the name of the company as mentioned in the Name Availability Guidelines..
No, as per new Name Availability Guidelines, 2011, no need to maintain minimum Authorised capital for using such words.
Now a days, only finance company is required to maintain Authorised/paid capital.
You are free to use the Corporation word with a minimum capital of 1laks/5lakhs, as the case may be.
Querist : Anonymous
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