Decided the Company Name? Maybe you should do it over

Business Incorporation in India only @ Wazzeer

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”

- See more at: http://blog.wazzeer.com/decided-company-name-maybe/#sthash.wiyeEwDT.dpuf

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