Minimum authorised Capital for a pvt co to do the business

Dear Priyanka,

Every Pvt. Ltd. Company to be formed shall have a minimum authorised capital of Rs. 1,00,000

Regards 

Shivi

thanks , but i want to know is there any specific authorised capital required for a company to do  the business as commodity broker

There is no such requirement as specific authorised capital for doing commodity broker business as such.

any pvt ltd company whether it is commodity broker business or manufacturing business.the mauthorised capital is minimum. 100000/-

Dont agree.

Priyanka- Min paid up capital should be Rs 1 lk and for min Auth Capital, pl follow name availability guideline. Min Auth Capital will depend on the name you will use and it is not depending upon the business you are doing.

I think the question was the minimum authorised capital required for a pvt. co. doing commodity broker business. 

The name of the Co. to be formed also effects the authorised capital but its a different issue.

Regards 

Shivi

Thanks for reply,

i will use the word "Commodity " in the name, now can any body please suggest me wat is the minimum authorised capital required

den the minimum authorised capital is 1 lacs

Hi Priyanka

Your Minimum authorised Capital shall be Rs. 10,00,000/-

You may still continue with the business with only 1,00,000/- as your paid up capital.

Regards

Abhijit

Originally posted by : Santosh
	Dont agree. Priyanka- Min paid up capital should be Rs 1 lk and for min Auth Capital, pl follow name availability guideline. Min Auth Capital will depend on the name you will use and it is not depending upon the business you are doing.

 Agreed with Santosh view.

Hello Mr. Ankur  / Other members

To bring to your kind notice, that as per latest mca update on name availability rules,

following words of company will have the authorised capital as follows :-

Please take note of the same.

regards

Santosh Shah

Originally posted by : Santosh
	One should go for public interest litigation (PIL) challenging the name availability guideline issued by MCA and RoCs are forcing others to keep the Auth Cap as mentioned therein. there is nothing logic behind this guideline and they are only insisting to generate the revenue (stamp duty) upfront at the time of incorporation. Are u with me guys ?

 Agree to you.

regards

Santosh Shah

As clear from priyankas earlier msg it is quite clear that she wants to use the word commodity in her name. and the word commodity is synonymous to the word product. i think it shuld be 1000000/-. anyways priyanka take the opinion of the concerned ROC. he may guide you better.