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Introducing the “In Favour Of” filter in Case Laws.
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<h1>New Company Naming Rules: Capital Requirements for 'Corporation,' 'International,' and 'Hindustan' Explained in Detail.</h1> The circular outlines guidelines for naming new companies, specifying criteria for using certain key words such as 'Hindustan' and 'Corporation.' It mandates a minimum authorized capital requirement for using these terms. For 'Corporation,' a capital of 5 crores is required. Words like 'International' or 'Asia' as the first word necessitate 1 crore, while their use within a name requires 50 lakhs. 'Hindustan' as the first word requires 50 lakhs, and within a name, 5 lakhs. 'Industries' needs 1 crore, and terms like 'Enterprises' require 10 lakhs. These guidelines ensure uniformity in company naming practices.