PAIDUP CAPITAL FOR CORPORATION??

Minimun paid up capital should be Rs.100000 U/s 3(1)iii of companies Act 1956

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

A name which falls within the categories mentioned below will not generally be made available:

9. If it connotes Government’s participation or patronage unless circumstances justify it. E.g., a name may be deemed undesirable in certain context if it includes any of the words such as National, Union, Central, Federal,
Republic, President, Rashtrapathi, Small-Scale Industries, Cottage Industries and Financial Corporation etc.

26. If the proposed name includes the word “Corporation” unless the company could be recorded as a big sized company. However, the word “Corporation” and “Company” may be regarded as closely resembling for purposes of allowing a new name. For example, a company by the name of Rajasthan Finance Company should be regarded as undesirable within the meaning of section 20 of the Act as another company by name “Rajasthan Finance Corporation” already exists.

The word “Hindustan” should be kept reserved only for public sector companies. It may, however, be allowed to be used in the names of the private sector companies in a large way of business. Similarly the word “Corporation” may be allowed in the name of the company in case the authorized capital is more than Rs. 5 crores. [Circular No. 16/74 – F.No.27/9/74-CL-III dated 27.08.1974]

Originally posted by : Vishal Rana CA Final,B.com
	Minimun paid up capital should be Rs.100000 U/s 3(1)iii of companies Act 1956

Dear Vishal..

1 Lac is the Minimum AC in case of normal name.

Adarsh CA Final Student [edit] [edit photo] [ Scorecard : 2335]	Posted On 27 January 2010 at 19:41
	Deptt guidelines for deciding cases for availability of names Attached File : 6_deptt_guidelines_for_deciding_cases_for_availability_of_names.pdf downloaded 10 times

Adarsh CA Final Student [edit] [edit photo] [ Scorecard : 2335]	Posted On 27 January 2010 at 19:39
	THE EMBLEMS AND NAMES (PREVENTION OF IMPROPER USE) ACT, 1950 Attached File : 19_the_emblems_and_names_prevention_of_improper_use_act_1950.doc downloaded 11 times

Useful information Adarsh.

Good job.

Originally posted by : ganesh bhandari
	Useful information Adarsh. Good job.

Thanks for appreciation Ganesh..