Incorporation of a company

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Renu Chopra (Querist)
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01 May 2012 dear all,
kindly advise on latest updated requirements for minimum authorized capital for incorporating a company with words 'India' included in its name. Whether it is Rs. 100,000/- or Rs. 500,000/-. Please also give the relevant circular/notification no.

Ajay Mishra

Ajay Mishra (Expert)
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01 May 2012 Hi

As per this Circular No. 27/1/87/CL.III, dated 13-3-1989, the words used as India without bracket () id Rs. 50 lakh but if you are using this word in bracket (India) then minimum Authorised Capital is 5 lakh.

Regards

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Renu Chopra

Renu Chopra (Querist)
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01 May 2012 is there no further notification in this regard after 1989? I am a bit confused, so kindly clarify.

thanks and regards.

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Ajay Mishra

Ajay Mishra (Expert)
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01 May 2012 In current circulars they are super cession to the earlier not talking about minimum capital requirement for Name availability. So please confirm from MCA officials.

Regards

Renu Chopra

Renu Chopra (Querist)
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01 May 2012 how can i contact the MCA officials? going personally or thru phone? I mean do they entertain such queries? If yes, then pls give the relevant nos. for ROC(NCR Delhi & Haryana). I shall be very grateful.

thanks and regards.

Ajay Mishra

Ajay Mishra (Expert)
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02 May 2012 Hi Renu

Go to the following link, i think this resolve your query:

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

Renu Chopra

Renu Chopra (Querist)
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02 May 2012 Thank you Mr. Mishra for your guidance. It was really very helpful. However, today I had an interaction with ROC helpline and they told me that the minimum authorised capital required in case of a private limited company is Rs 100000/- and in case of a public limited company it is Rs.500000/-, whether or not any special word is included in the name such as 'India', 'Enterprises', etc.

Ajay Mishra

Ajay Mishra (Expert)
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03 May 2012 Hi

I will suggest you to take second opinion again on the basis of above mentioned circular and discussed with him about circular also.

All the best.

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Guest

Guest (Expert)

04 May 2012 We have one pvt ltd client registered in STPI where they use India without brcket and SC is Rs 1 lakhs.

Ajay Mishra

Ajay Mishra (Expert)
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04 May 2012 Hi

The query is about "Authorised Capital" not subscribed capital.

Regards