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of <h1>New Guidelines Clarify Use of 'Hindustan' and 'Corporation' in Company Names; Define 'Big-Sized' Criteria for Private Firms.</h1> The circular outlines guidelines for naming new companies, specifically addressing the use of 'Hindustan' and 'Corporation.' 'Hindustan' can be used by private sector companies if their business scope justifies it, contrary to the previous belief that it was reserved for public sector entities. For 'Corporation,' the criteria for a company to be considered 'big-sized' include having an authorized capital of Rs. 5 crores or more. Companies with a paid-up capital of Rs. 50 lakhs or more are also considered big-sized for record-keeping purposes. The guidelines aim to clarify naming criteria for Registrars of Companies.
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