c. 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.
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: The 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.
d. Do's and Dont's while registering a Company
I) 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
II) Dont's
- The name should not be offensive
- The plural version of any existing name is not applicable
- Separating and joining the different names can be considered
- The use of different tenses or numbers will not be counted as another name
Note: *The authority for approval or rejection of company names rests with the Ministry
of Corporate Affairs (MCA) only. This tools is provided only to quickly estimate the
availability of name and domain. In some cases, registered company or LLP or
trademark may not be shown as registered, due to lack of data availability.