Hello everyone....
what should be the authorised capital if the word "WORLD" is used as part of the name for availibility of name for incorporation of the company.
Regards
Rashi Tiwari
7 Replies
CA Sripal Jain
(Associate Finance)
(709 Points)
Replied 08 November 2011
the authorised capital must be one crore if the word WORLD is used
howver u cn check out the above file if u have any queries Attached File : 31_key_word_for_authorised_capital.pdf
regards
sripal jain
jeets
(CS )
(461 Points)
Replied 08 November 2011
Hello,
Further, Is the name availabilty rules applicable if thats the case then for the use of word (WORLD) authorised share capital would 5crore.
KIndly confirm
https://www.mca.gov.in/Ministry/pdf/Companies_rules_15Mar2011.pdf
Rashi Tiwari
(Company Secretary)
(131 Points)
Replied 08 November 2011
Thanks a lot we are using world as our middle name, so authorised capital will be 50 lacs.
jeets
(CS )
(461 Points)
Replied 08 November 2011
Hello,
Can you please confirm that Companies (Name Availability) Rules, 2011 is effective or not?
Thanks
AMIT MISHRA
(Legal Professional)
(393 Points)
Replied 08 November 2011
Hi Jeets,
Name Availability Rules 2011 is effective and actions with regard to the same have also been taken with regard to the same w.r.t. Form 1A.
Thanks & Regards
Amit Mishra
B. Samrish & Co.
jeets
(CS )
(461 Points)
Replied 08 November 2011
Thank you Sir,
It implies that use of the word (WORLD) in a Company's name would require the authorised share capital to be 2crores.
Is this correct?
Thanks
Bhanu Prakash Rao
(Think Beyond Stay Ahead...!)
(1064 Points)
Replied 08 November 2011
yes jeets u r right.......
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