The Name of the company has three parts, the Name, Object and Constitution. For instance, ABCD Creations Pvt. Ltd is constituted with ABCD as name part, Creations as Object and Pvt. Ltd as its Constitution part.
Promoters of the company should follow the guidelines in order to get their names approved.
The name of the newly proposed company should not be identical or similar to that of an existing company; moreover, the meaning of identical names is well described in the act.
The proposed name of a company will not be an offence under any law or undesirable under any law. As per the Act, the name could be undesirable if it:
Any Company name consists of the word BRITISH INDIA will not be allowed for registration
If the proposed company is in the business of financing, chit funds, leasing, investments, securities etc, the proposed name of the company should include the indicative name of such financial activities. Eg: ABCD Chit funds, ABCD Investments etc.
The proposed name of a company should not imply any association or patronage of a national hero or any person occupying or have occupied any high position in the government. For example, the name of Mahatma Gandhi shall not be used to form any type of Company.
If the proposed name of the company is similar to that of a company dissolved on liquidation proceedings, such name can be used only after two years of dissolution.
If the proposed name of a company is similar to the name of a company that is in pursuance of action under Section 248 of the act was struck off, the name shall only be allowed in expiry of twenty years of Gazette Publication with regard to such struck off.
In the case of a foreign company incorporating its subsidiary company in India, the addition of word India or name of any Indian state or city is permissible along with the original name of the holding company.
As per the Companies Act of 2013, Section 8 Companies (non-profit companies) words like Foundation, Forum, Association, Federation, Chambers, Confederation, council, Electoral trust etc can be included.
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