Thanks in Advance,
When the objective of private limited compay is "manufacturing" is it necessary to set the minimum authorised capital as Rs. 50 Lakhs ? The word manufacture is absent in the name.
15 Replies
Amit Gupta
(Loosening Myself)
(1508 Points)
Replied 01 September 2011
There is no min authorised captial prescribed by company law.Howver a pvt company should hav min Rs.1,00,000/- and public co. shall hv Rs5,00,000/- Paid up capital and thereby requiring minimum authorised captial to be Rs.100000/- and Rs.500000/- respectively
RG - A Helping Hand
(Company Secretary)
(13867 Points)
Replied 01 September 2011
Agree with amit...there is no such separate requirement for a manufacturing company.
CA ADITYA SHARMA
(CA IN PRACTICE )
(16719 Points)
Replied 01 September 2011
| Originally posted by : Amit Gupta | ||
 |
There is no min authorised captial prescribed by company law.Howver a pvt company should hav min Rs. 1,00,000/- and public co. shall hv Rs5,00,000/- Paid up capital and thereby requiring minimum authorised captial to be Rs. 100000/- and Rs. 500000/- respectively |
 |
AGREED
Sanket
(!..Live to Give..!)
(16427 Points)
Replied 01 September 2011
Agree with Amit...
There is no such provision in the Company's Act....
Pavan Jain S
(Chartered Accountant)
(1575 Points)
Replied 01 September 2011
If the name do not contain the name manufacture, no requirement of minimum capital
vignesh
(student)
(783 Points)
Replied 01 September 2011
There is no specific condition for the authorised capital in which a company is incorporated or changing the name without using "Manufacturing" in the name of the company. for a private ltd min Authorised and Paid Up is Rs.1,00,000 and Public Co min A & P up is Rs.5,00,000.
If the company wants to insert the word manufacturing it is necessary to increase the authorise share capital to Rs.10,00,000 whether pub or pvt. you can check it through the link "https://www.mca.gov.in/MCA21/dca/downloadeforms/Section20_21dec2009.pdf".
Sameer C. Patil
(Compliance Professional)
(44 Points)
Replied 02 September 2011
Agree with Vignesh, as per the Guidelines for usage of "key words" issued by MCA (the erstwhile DCA) the use of word 'Manufacturing' in the name would necessitate increase in the authorised capital to Rs.10 Lakh. Further, such name would be allowed only if 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).
Views of fellow Members solicited.
Sameer C. Patil
Advisor-Corporate Law & Allied Matters
CA Himanshu Bansal
(Risk Manager)
(2345 Points)
Replied 02 September 2011
| Originally posted by : Amit Gupta | ||
|
|
There is no min authorised captial prescribed by company law.Howver a pvt company should hav min Rs. 1,00,000/- and public co. shall hv Rs5,00,000/- Paid up capital and thereby requiring minimum authorised captial to be Rs. 100000/- and Rs. 500000/- respectively |
|
CA PRAVEEN SINGH
(MANAGER ACCOUNTS)
(2277 Points)
Replied 02 September 2011
There is nothing specific mentioned abt manufacturing company,nothing also mentioned abt mini authorised capital..
For private company,there must be minimum Rs.100000,PAID UP CAPITAL
For public company ,there must be minimum Rs.500000,PAID UP CAPITAL.
AS PER COMPANIES ACT,
srinivass
(CA Final)
(2466 Points)
Replied 03 September 2011
| Originally posted by : Amit Gupta | ||
|
|
There is no min authorised captial prescribed by company law.Howver a pvt company should hav min Rs. 1,00,000/- and public co. shall hv Rs5,00,000/- Paid up capital and thereby requiring minimum authorised captial to be Rs. 100000/- and Rs. 500000/- respectively |
|
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