Recently i have been planning on starting my own company in India. It will be a Private Limited Company and something like Global ----- ----- Pvt. Ltd. So i file the documents in Mumbai for registration of the name. Well it got rejected and came back… Why??? Because the company name contained the word “Global” so they want me to register it with Rs. 1 Crore and not Rs. 1 Lakh. What happened to a free country and equal opportunity? The moronic government passed a rule that allows a certain class of names to be registered by only the upper class of society.
This needs to be re-planned for India's growth. In the USA most companies are started by 1-2 people with little capital investment and many do very good for themselves. So why are we in India shooting ourselves in our feet???
Moronic People who passed that rule for sure.
Chill Out.
Vikram Jhaveri
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