authorised capital for a company.

bapun (Querist) 02 October 2009 This query is : Resolved
I would like to know about the authorised capital of a company which will work as a T.P.A(only vehicle pre inspection). and it's employees will pre-inspect the vehicles which are going to buy insurance policies.It will not work as T.P.A for health insurance.I would like to know all the details by which I can fulfill all the demands of a insurance company and can be their franchisee partner easily.

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Adv.Aiyer VLV (Expert) 02 October 2009
Minimum paid up capital for a private limited company is Rs.1 lakh, hence authorised capital for a private limited company to be formed can be this.

Further level of authorised capital would depend upon the necessity to bring capital to the company and whims and fancies of the Registrar.

All The Best for new venture

Regards

VLV

Adv Lucky CS (Expert) 02 October 2009

Adv Lucky CS (Expert) 02 October 2009
I do agree with VLV.

As on the situation demands you can opt for a Private Company - min. authorised & paid Capital shall be 1 lakh

but if the requirement goes for public deposit (includes) then go for Public Company min 5 lakhs auth. Share capital & Paid up

Later to become a partner a MOU - Memorandum of Understanding colud be made between you & company or you can also enter into a partnership deed.

You can refer me anytime if need any company formation assistance.

Regards,
Lucky A Popli
Krishnum Associates
Legal & Corporate Consultants
krishnum@hotmail.com

Message likes : 1 times

Sachin Bhatia (Expert) 08 October 2009
Agreed with the above views

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