We have decided to form a company " xxxxx india private ltd" with a minimum share capital of Rs.100000
is it possible or to increase share capital more than 100000.?
Using "India" in the name of company face any query or restriction from ROC?
9 Replies
Neha Gupta
(PCS)
(377 Points)
Replied 10 August 2010
Hi..
If you are applying with the word "India" in middle of the name of the Company, then the minimum authorised capital should be 5 lacs even it is a Pvt. Ltd. Company. The ROC can raise objection in this regard.
and if India is used as first name then the minimun Capital requirement is 50 lacs.
There is one more situation that if by chance ROC approve this name of yours with 1 Lac capital then while filing form 1 you can raise the amount of Authorised Capital there, no problem in that by paying stamp duty on that raised capital, even if form 1A is appproved with 1Lac as Authorised capital.
Regards
PCS Neha Gupta
vivek
(CS)
(751 Points)
Replied 10 August 2010
Even Form-1A will warn u while filling the form, i have not tried but i think it will show error in upload.
Regards,
Neha Gupta
(PCS)
(377 Points)
Replied 10 August 2010
Form 1 will allow you.......... to raised the authorised capital even if lesser amount is provided in Form 1A as authorised capital but u can not reduce the Share capital, which is provided by u in Form 1A
vivek
(CS)
(751 Points)
Replied 10 August 2010
Agree, i was saying in regard to mismatch in authorized capital i.e. if u r writing ur Authorized Capital 1 Lacs it will not allow u to take the name using word India.
Regards,
Neha Gupta
(PCS)
(377 Points)
Replied 10 August 2010
Yes, for using the word India as in the middle of name of company the minimum Capital requirement is Rs. 5 Lacs.........
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17858 Points)
Replied 10 August 2010
Agreed with Learned members....
First of all form 1A would not approve. However, if by change this form is approved the capital may be reaised in Form 1.
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17858 Points)
Replied 10 August 2010
|
Key words in the Name of a Company
|
Minimum Authorised Capital Required
|
|
Corporation
|
5 Crores
|
|
International, Globe, Global , Universal, Universe, Continental, Inter- Continental, Asiatic, Asia, Asian, World
Being the first part of the name
|
1 Crore
|
|
Hindustan, Hindustani, Hindustanee, India, Indian, Bharat, Bharatati, Bharatiya, Bharateeya
Being the first word of the name
|
50 Lacs
|
|
If any of the key words as above is used within the name(with or without brackets)
|
5 Lacs
|
|
Industries, Udyog, Industrial, Industry
|
1 Crore
|
|
Enterprises, Enterprise, Products, Product Business, Manufacturing, Manufacture
|
10 Lacs
|
Nitin Singhal
(Gaining knowledge...)
(320 Points)
Replied 10 August 2010
@ CS Ankur Srivastava : Thank You very much for providing detail of keywords in name and mininmum authorised capital required for these.
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