27 February 2010
Hello, I have few questions related to registering a New Pvt. Ltd. Company.
1) Can I choose the same name for my New Company that is already registered / existing in the US or elsewhere but not in India? There will be no tie-up, partnership or any relation with those similar name Companies though.
2) Is there any rule which states that I have to start functioning this New Company within the specified time line after its Incorporation?
3) What are the differences between "Comany limited by Shares", "Company limited by Guarantors" and "Unlimited Company"?
27 February 2010
As per Practice if name of company is similar to a company registered outside India, it will not be granted.
A pvt. Co. when it is incorporated, there is no time limit for its working only thing u need to do is to file its returns properly to ROC.
As the name suggest Co. Ltd with shares means liability of share holders limited to face value of shares held by them.
Co. ltd by gurantee means subscribers undertake that in case of winding up any liability arises they will pay amount as they have guranteed at the time of subsciption to memorandom.
Unlimited co is the co. in which liability is not fixed to any specified amount.
28 February 2010
The actual procedure is u have to upload form on MCA Portal. IF ROC is having some doubt about name, They will comunicate with you,the U have to give explanation why they should allot you the desired name.
CAclubindia
