Minimum Authorised Share Capital required for Companies in India - Presentation Transcript
Cogzidel Consultancy Services Pvt Ltd Minimum Authorised Share Capital required for companies in India
Cogzidel Consultancy Services Pvt. Ltd
For a Private Limited company - INR 100,000 For a Public Limited company - INR 500,000
But you should not assume it as FINAL. There are certain other details that you must know before selecting the name of your company.
In order to use certain prescribed words in the ‘names’, the companies should comply with the provisions stipulated by Ministry of Corporate Affairs with regard to minimum Authorised Share Capital that needs to be fixed at.
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Cogzidel Consultancy Services Pvt. Ltd
Here’s the list of prescribed minimum authorised share capital amount for use of certain words in the name (Amount in INR):
5 lacs – For the words Hindustan, India, Bharat (with or without bracket).
10 lacs – For the words Enterprise, Products, Business and Manufacturing
50 lacs – For the words International, Global, Universal, Continental, Intercontinental, Asiatic, Asia used within the name (with or without bracket).
1 crore – International, Global, Universal, Continental, Intercontinental, Asiatic, Asia as first word, and the word Industry and Udhyog anywhere in the name.
5 crore — The word ‘Corporation’ anywhere in the name.
You can even refer to Circular F.No. 27/1/87 dated 13-3-1989 for further details
Please also note that depending upon the Authorised Share Capital fixed, the appropriate fee needs to be paid to Registrar of Companies as per the prescribed slab (pls check our article titled “How to form a company in India?” for slab details).
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