The company name or the corporate name is the formal name of the company when it is incorporated. The name defines the legal identity of the business.
The Companies Act, 2013 also requires the company to add suffixes to the name of the company depending on whether it’s operating as a Private Company, Public Company or Limited Liability Partnership.
The name of the company should be memorable, distinctive and should ideally reflect the business' character. Here are a few tips to naming your business.
It's important to understand that your company name is not going to make or break your business. Ultimately the course of success is chartered by how well the products and services of the business perform. But finding the right name for your business can be a daunting task. Here are a few popular and time-tested company name ideas:
Before you incorporate your business, the name of the company has to be reserved. Once you have picked a suitable name for your business, the same should be reserved before registration.
The Ministry of Corporate Affairs has prescribed that the name of the company can be reserved through the RUN (Reserve Unique Name) online web service. The RUN application should contain the preferred name of the company and should be submitted along with the prescribed fees.
The Central Registration Centre (CRC) process the RUN application and communicated the acceptance or rejection of the company name after conducting a comprehensive check.