LIVE GST Certification Course by CA Arun Chhajer begins 21st April. Register Now!!

Name availability

Neha Mishra (@student) (234 Points)

25 December 2013

I want to know whether there is condition to maintain Rs.1 crore

if One chooses the word "INDUSTRIES "in her proposed company name

It's very urgent

Tjanks with regards

Reply
Follow
Share

10 Replies

CA. Kuldeep Singhi (Entrepreneur) (424 Points)
Replied 25 December 2013

Yes as per naming guidelines provided by MCA when the company propose to include industries in its name then it should maintain authorised capital of Rs.1 crore

Neha Mishra (@student) (234 Points)
Replied 25 December 2013

Authorised Capital or Paid Up capital ??

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

sir I read the same

Kindly give me authenticated proof for the same

CS Adnan Shaikh (Company Secretary) (1301 Points)
Replied 25 December 2013

Dear Neha,

To use the word 'Industries' in the name of the Company, the Company should have an Authorized Share Cpital of Rs. 5 Crores. Please refer the attached name Availability Rules for your reference.

Regards,

Adnan

Attached File : 853092 1264396 name availability guidelines.pdf downloaded: 203 times

Neha Mishra (@student) (234 Points)
Replied 25 December 2013

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

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 sir you can check below:

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

Kindly guide me

CS Adnan Shaikh (Company Secretary) (1301 Points)
Replied 27 December 2013

Dear Neha,

The above attached file are Rules and not a notification. Also in the circular no. 45 passed on 8/7/2011, there is no change/amendment mentioned for 'capital requirement for certain wordings in name of company' which has been provided in the Name Availability Guidelines.

So in my opinion, for the word 'Industries' will require an Authorized Capital of Rs. 5 Crores.

Other views are invited.

Regards,

Adnan

Neha Mishra (@student) (234 Points)
Replied 28 December 2013

Still Confused .....

Rajesh. M (Auditor and tax consultants ) (35 Points)
Replied 17 March 2014

hi I have a query about name availability three days back i applied form 1A in the name of PRESTIGE IT SERVICES PRIVATE LIMITED' BUT THEY ARE NOT APPROVED EVEN I HAVE CHECKED NAME AVAILBILITY PORTAL I COULD NOT FOUND ANY NAME WHICH LINKS TO THIS NAME WHAT LL BE PROBLEM IN THIS NAME ?? KINDLY HELP ME WITH REGARDS RAJESH

annemisty (Student CS) (32 Points)
Replied 19 March 2014

Need more information Sir. What is the remark message shown in MCA21 Site? Do they said any name resemblance of existing company?

1 Like

Rajesh. M (Auditor and tax consultants ) (35 Points)
Replied 20 March 2014

thanks for reply sir, actually MCA has rejected my name with no reason showing that "please read regulation act 17" i think "prestige" is not avilable is it sir?

Rajesh. M (Auditor and tax consultants ) (35 Points)
Replied 20 March 2014

Originally posted by : Rajesh. M
	thanks for reply sir, actually MCA has rejected my name with no reason showing that "please read regulation act 17" i think "prestige" is not avilable is it sir?