Decided the Company Name? Maybe you should do it over
Every business entity needs to be given some name and the functioning of the business is carried out in that name only. In the case of a company which enjoys the status of the separate legal entity, selecting a proper name is a must. Name approval from the Registrar of Companies is pre-requisite condition before incorporation of the company.
Procedure for Name approval
Application to concerned Registrar of Companies to ascertain the availability of name in eForm-INC1 need to be made. Maximum 6 suitable names can be submitted in order of preference and name must indicate main objects of the company.
The Name itself:
- The proposed names must not be similar or resemble the name of any other already registered company, or
- Proposed name should not violate the provisions of emblems and names (Prevention of Improper Use Act, 1950), or
- Proposed name(s) should not constitute an offense under any law.
- Last word “Limited” need to be used in the case of a public limited Company, or “Private Limited” in the case of a private limited Company and “LLP” needs to be used for “Limited liability Partnerships”