Guidelines as to use of Key words for Name Approval:


S.No Key Words Required Authorized Capital
1 For Corporation Rs. 5 Crore
2 If the First name derived as International, Global, Univeral,Asia etc. Rs.1 Crore
3 If any other words within the names(2) Rs.50 Lakh
4 India,Bharat,Hindustan being a first word for the name Rs.50 Lakh
5 If any other words within the names(4) Rs.5 Lakh
6 Ends with Industries or Udyog Rs.1 Crore
7 Manufacturing, Business, Enterprises etc. Rs.10 Lakh

Categorization of Company:

Private Limited Company

Public Limited Company


PRIVATE LIMITED COMPANY:

Conditions to be Private Limited are as follows:

Has a minimum paid up capital of Rs 1 Lakhs or such higher capital as may be prescribed;

Limit the number of its member to 50.


Procedure for forming the private Limited Company :

Selection of name and type of the Proposed Company.
Get Directors Identification Number and Digital Signatures.
Drafting of Memorandum and Articles of Association.
All documents has to be signed, stamped, and filled with the Registrar.
Payment of Fees. Certificate of Incorporation.
Preparation and filling of Prospectus for obtaining the Certificate of commencement of Business.

PUBLIC LIMITED COMPANY:

Conditions to be Public Limited are as follows:

Has a minimum paid up capital of Rs 5 Lakhs or such higher capital as may be prescribed;

To Convert from Private Companies :
25% or more its paid up share capital
Average Annual Turnover during the last 3 years exceeds Rs 25 Crores.
When it accepts the deposits from the public after making an invitation by an advertisement.


Procedure for forming the public limited COMPANY:

Selection of name and type of the Proposed Company.
Get Directors Identification Number and Digital Signatures.
Drafting of Memorandum and Articles of Association.
All documents has to be signed, stamped, and filled with the Registrar.
Payment of Fees. Certificate of Incorporation.
Preparation and filling of Prospectus for obtaining the Certificate of commencement of Business.