Guidelines for Choosing Your Company
The Registrar of the Companies (ROC) across Indian expects the applicant to follow certain criteria
while naming a Company. The approval is also subject to the officer handling the application. The more
closely the rules that are listed are followed the better are th4e chances of getting the name of the
Company approved.
- Uniqueness:The name of the company is a unique component. A name
once registered won't be allocated to another company. This name needs to be descriptive For example
if the company is a finance company, the word "Finance" should be included in the name. This word
describes the nature of the company. So if the company is in the Logistic or restaurant business
they cannot have "Finance" in the name.
- Lower compliance: As most proprietorship are only registered with
government departments like Income Tax & GST, the compliance burden will be lower. On the other
hand, entities like LLP or Company are registered with the Ministry of Corporate Affairs and have to
file various statutory returns and be audited by a Chartered Accountant each year.
- Avoid abbreviations: Abbreviations, adjectives and generic words
will be rejected. The words banks, exchange, and the stock exchange should be approved by RBI.
- Trademark: Proposed company name cannot infringe on a registered
trademark or an application for registration of a trademark unless the consent of the registered
trademark owner or trademark applicant is submitted along with the name approval application.
- Patronage: Proposed company name cannot imply association or
connection with or patronage of a national hero or any person held in high esteem or important
personages who occupied or occupying important positions in Government. The proposed name cannot
imply an association with the Indian or Foreign Government.
- Block your domain name: An applicant must block the domain name to
avoid duplication.
- Regulatory approval: An applicant must block the domain name to
avoid duplicationThe name of the company which has words like insurance, bank, stock, exchange,
venture capital, asset management, mutual fund, etc may require regulatory approvals from RBI, SEBI,
IRDAI, etc.li>
Do's and Don't while registering a Company
Do's
- A word that describes the company should be mentioned.
- The name needs to be unique to avoid duplication or offense
- In the case of the Private Limited Company, the name should have the abbreviation at
the end.
Don't
- A word that describes the company should be mentioned.
- The name needs to be unique to avoid duplication or offense
- In the case of the Private Limited Company, the name should have the abbreviation at
the end.
Document Required for MCA Name Approval