21 October 2010
keep the name of the company as “Name International Pvt Ltd”. I was told by CA that I need to pay the Registration Fees / Stamp Duty on a capital of 1 crore in order to have the word “International” in company name. Can anybody verify this and tell me the facts and what will be the actual expense and implications of the name as “name International Pvt Ltd”.
21 October 2010
“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 # Key Words Required Authorized Capital 1 Corporation Rs. 5 Crore
2.International, Globe, Universal, Continental, Inter Continental, Asiatic, Asia being the first word of the name
Rs. 1 Crore
3.If any of the words at (2) above is used within the name (with or without brackets) Rs. 50 Lakh 4 Hindustan, India, Bharat being first word of the name Rs. 50 Lakh
5.If any of the words at (4) above is used within the name (with or without brackets) Rs. 5 Lakh 6 Industries / Udyog Rs. 1 Crore 7 Enterprises, Products, Business, Manufacturing Rs. 10 Lakh F. No. 27/1/87-CL-III dated 13-03-1989: (1989) 65 com cases 536 (St.)
So in your case authorised capital should be not less than Rs. 50 lakhs since key word comes not as first word.
CAclubindia
