what is minimum authorised capital for share business....................
urgent
sandhya sethia (trainee) (142 Points)
29 November 2010what is minimum authorised capital for share business....................
urgent
udit sharma
(Company Secretary)
(2303 Points)
Replied 29 November 2010
Hi...
The minimum amount of Authorised Capital depends on the type of Company and not on the type of business the company intends to carry...
God Bless
Udit Sharma
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 29 November 2010
Agree with the learned members.
Minimum authorised capital depends upon the type of company i.e. private or public and on the name as well.
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 |
CS Vijay Daxini
(At Practice)
(732 Points)
Replied 29 November 2010
very good info..posted by ankur srivastva......
Mohit Srivastava
(Article)
(131 Points)
Replied 29 November 2010
Its dep[end upon the type of comapny Either Its PVT COM or PUBLIC
Mohit Srivastava
(Article)
(131 Points)
Replied 29 November 2010
And Good Rply by ANKUR SIR THanks to him
Santhosh Poojary
(SIEMPRE AHÍ PARA TI)
(15607 Points)
Replied 29 November 2010
Very Informarive Explanation by Ankur sir
thanks
rajesh
(Audit and Assurance)
(122 Points)
Replied 29 November 2010
Originally posted by : CS Ankur Srivastava | ||
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Agree with the learned members. Minimum authorised capital depends upon the type of company i.e. private or public and on the name as well. 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 |
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Sir agreed with you. But can you say what is the source for this information.
RUPESH CHOUDHURY
(Student)
(484 Points)
Replied 29 November 2010
Dear Sandhya,
The followings are the min. capital requirements for the cap market intermediaries:
MFs :50 cr
Merchant Brokers:10cr
Custodians:100 crores
and
brokers :1 crore
Thanks
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 29 November 2010
Use of key words in name and capital of proposed companies- Circular No.87/1/87/CL.III, dated 13-3-1989.
CA Mudit Agarwal PGDFM,MCP,IFR
(Dy. Manager (Taxation))
(289 Points)
Replied 30 November 2010
very useful info by Mr. Ankur
rajesh
(Audit and Assurance)
(122 Points)
Replied 30 November 2010
nice reply Rupesh...,
Query was raised for Share business specifically, but every one gave general answer.
Only u gave the specific info.
keep it up
Vaibhav Shukla
(Company Secretary)
(142 Points)
Replied 30 November 2010
Excellent explanation by Ankur.
Thanks a lot.....
ACS Vaibhav Shukla
CS Ankur Srivastava
(Company Secretary & Compliance Officer)
(17853 Points)
Replied 30 November 2010
Thanks all for your comments......
And thanks to Mr. Rupesh too.....
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