Naming a company as india private limited
This query is : Resolved
02 April 2012
I would like to know about Changing the name of a Existing company as EMS HEALTHCARE INDIA PRIVATE LIMITED. Is there is any Minimum Capital Required to name as India? and What about other Procedures. Should i get any NOC Cetificate from anyone.
02 April 2012
Hi
Yes, for using "India" words with or without bracket with in the name like u, the minimum authorised share capital should be Rs. 5 lakh. As per Circular No. 27/1/87/CL.III, dated 13.3.1989.
Regards
Yes, for using "India" words with or without bracket with in the name like u, the minimum authorised share capital should be Rs. 5 lakh. As per Circular No. 27/1/87/CL.III, dated 13.3.1989.
Regards
Message likes :
1 times
02 April 2012
Ya minimum capital requirement is authorize capital of Rs. 5 lacs.
Message likes :
1 times
02 April 2012
Agree with the experts...
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
# 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
These names with key words at Serial Nos. (6) And (7) may be considered when the company proposes to deal in various business activities or the company is already carrying on various business activities (in the case of change of name). F. No. 27/1/87-CL-III dated 13-03-1989: (1989) 65 com cases 536 (St.)
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
# 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
These names with key words at Serial Nos. (6) And (7) may be considered when the company proposes to deal in various business activities or the company is already carrying on various business activities (in the case of change of name). F. No. 27/1/87-CL-III dated 13-03-1989: (1989) 65 com cases 536 (St.)
Message likes :
1 times
14 September 2012
Hi
My apologize for my earlier reply.
As per new Companies (Name Availability) Rule, 2011, the minimum authorised capital structure has been change.
For using "India" being first word of the name, the minimum authorised share capital is Rs. 2 crores.
If the "India" word is used in middle whether in bracket or not, then minimum authorised share capital of company should be Rs.25 Lakhs.
My apologize for my earlier reply.
As per new Companies (Name Availability) Rule, 2011, the minimum authorised capital structure has been change.
For using "India" being first word of the name, the minimum authorised share capital is Rs. 2 crores.
If the "India" word is used in middle whether in bracket or not, then minimum authorised share capital of company should be Rs.25 Lakhs.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Tds on building rent monthly
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
