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Neha Mishra (@student)     25 December 2013

Name availability

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 



 10 Replies

CA. Kuldeep Singhi

CA. Kuldeep Singhi (Entrepreneur)     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

Neha Mishra (@student)     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

CS Adnan Shaikh (Company Secretary)     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: 164 times
Neha Mishra

Neha Mishra (@student)     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

CS Adnan Shaikh (Company Secretary)     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

Neha Mishra (@student)     28 December 2013

Still Confused .....indecision

Rajesh. M

Rajesh. M (Auditor and tax consultants )     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

annemisty (Student CS)     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

Rajesh. M (Auditor and tax consultants )     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

Rajesh. M (Auditor and tax consultants )     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?


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