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.
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 within the name (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).
50 lacs – Hindustan, India, Bharat, being the first word of the name
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 blog titled “How to form a company in India?” for slab details).
This entry was posted on Friday, November 14th, 2008 at 6:54 pm and is filed under Statutory Matters. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.