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Choosing the Right Name for your Company Registration

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Name for a Company, Checking Name Availability Online, Company Name Approval, Incorporation of Company or LLP, Partnership Name, Sole Proprietor, Minimum Authorized Capital for Certain Words.
To know more about Choosing the Right Name for your Company Registration, visit https://www.legalraasta.com/

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Choosing the Right Name for your Company Registration

  1. 1. YOUR ONLINE COMPANION FOR COMPANY, TAX AND LEGAL MATTERS. WWW.LEGALRAASTA.COM CHOOSING THE RIGHT NAME FOR YOUR COMPANY REGISTRATION - INDIA
  2. 2. NAMEFORACOMPANY Name for a Company Choosing an appropriate name for a company as per the Companies Act, 2013 or Limited Liability Partnership Act, 2008 is a very important step in the incorporation process. In this article, we will go through the guidelines and process for choosing an acceptable name for a Company or LLP. There are two parts to a company name:
  3. 3. NAMEPORTION Name Portion The name must be unique, different and acceptable, as defined by the Companies Act, 2013 or LLP Act, 2008. The name should not resemble to any existing company or LLP or trademark in the same industry or field. In case there is a Company by the name XYZ Engineering Private Limited, then the name XYZ Engineering LLP would not be allowed as it already has some existence in the same industry. However, XYZ Cars Private Limited will be allowed as it belongs to a different industry / field. So, before choosing or finalizing any name, ensure that there is no other company with the same name, industry or field with the MCA. You can also check for the existing name at this LINK.
  4. 4. CONSTITUTIONPORTION Constitution Portion The constitution part is that part which defines the type of entity the name represents. • Private Limited Companies are represented by Private Limited Company or Private Limited or Pvt. Ltd Company. • One Person Companies are represented by OPC or One Person Company. • Limited Companies are represented by LTD Company or Limited or Limited Company. • Limited Liability Partnerships are represented by LLP or Limited Liability Partnership. The proposed name should contain the proper constitution that is relevant to the type of entity which is incorporated. Minimum Authorized Capital for Certain Words The proposed company should have particular amount of authorized capital to use certain words in a company name. The table details the word and the amount of minimum authorized capital required.
  5. 5. NAMEAVAILABILITY Checking Name Availability On line The proposed name should be different when compared to an existing Company Name or a Limited Liability Partnership Name or Trademark. The following are the steps for checking the list of company and LLP names in existence: 1. Go to the following website or search for “MCA Name Availability” on-line: http://www.mca.gov.in/DCAPortalWeb/dca/MyMCALogin.do?method=setDefaultProperty&mode=16 2. In the Company or LLP Name, enter the proposed company or LLP Name and click search. 3. The list will show the list of Company and LLPs in existence with similar name. 4. If the search returns “No records found”, then there are no similar companies or LLPs with similar name. The following are steps for checking the Trademarks in existence: 1. Go to the following website or search for “Trademark Search India” online: http://ipindiaonline.gov.in/tmrpublicsearch/frmmain.aspx 2. In the word mark, enter the proposed name. 3. Enter the relevant class by entering the class details in the class textbox. Class details can be accessed by clicking on “Class Details”. Click on search. 4. The list will show the list of trademarks, similar to the proposed name. 5. If the search returns “No records found”, then there are no similar trademarks similar to the proposed name. Both trademark and company name availability can also be checked at LegalRaasta.
  6. 6. COMPANYNAMEGUIDELINES Company Name Be unique and Different Contain a noun and an activity word that reflects its objective Be in the line with Company Name Guidelines Issued by Ministry of Corporate Affairs The Company Name SHOULD Be similar, identical or resembling to an existing Company or LLP registered. Phonetically similar names should also to be avoided. Be same as of a registered trade mark or a trade mark for which an application has already been filed Be Offensive. Be Undesirable in the opinion of the Central Government. The Company Name SHOULD NOT
  7. 7. INCORPORATIONOFCOMPANYORLLP Sole Proprietor, or Partnership Name as Company Name What are the conditions for use existing Sole proprietor or Partnership name as Company Name? A declaration should be provided by the applicant to state that whether they are using or have been using in last five years, the name which is being applied by an individual for the incorporation of company or LLP or in any other business constitution. For example sole proprietor or partnership or any other incorporated or unincorporated entity. And if yes, details should be provided and No Objection Certificate from other partners and associates for using a same name by the proposed Company or LLP, as the case may be, and also a declaration as to whether such other business shall be taken over by the proposed company or LLP or not . What are words that cannot be used in a Company Name? Following are the words and combinations which cannot be used in the name of a company in English or any other languages without previous permission of the Central Government – • Board, Commission, Authority, Undertaking, Panchayat, Development Authority, Prime Minister or Chief Minister Minister, Nation, Forest corporation, Development Scheme, Rashtrapati, Small Scale Industries, Khadi and Village Industries Corporation, Financial, Corporation and the like, Municipal, National, Union, Central, Federal, Republic President, Statute or Statutory, Court or Judiciary, Governor, the use of word Scheme with the name of Government (s) , State , India, Bharat or any government authority or in any manner resembling with the schemes launched by Central, state or local Governments and authorities.
  8. 8. ABOUTLEGALRAASTAANDTEAM About us We are committed to helping you grow your business and add value through our expertise. We aim to deliver a hassle-free experience so that you can focus on your core business. Our mission is to offer affordable, quick and automated professional services to clients. Through technology, we bring numerous government/ legal forms at one place and have simplified them to be fully understood by common man. Legalraasta.com is a one destination for your legal matters relating to: 1. Forming any type of business entity (e.g, Pvt. Ltd Co, LLP etc) 2. Filing individual and company return 3. Helping on company compliances such as ROC filings & minutes 4. Protecting work through trademark & copyright Our team LegalRaasta.com has been founded by a team of Chartered Accountants and professional advisors. We currently have a network of 100+ professionals including experienced Chartered Accountants, Company Secretaries, Lawyers, Cost Accountants, Chartered Engineers and Bankers. Pulkit Jain, founder of Legalraasta, has over 5+years experience in CA and Legal domain. He has worked with the top CA firms in India and has served large corporate and MNCs
  9. 9. WHYCHOOSEUS Cost effective Businesses are always under intense time and cost pressures. With our great packages 40% savings are ensured compared to typical CA/ Lawyer Expertise By teaming up with us , you will have an access to network of 100+ experts. You can gain the peace of mind in knowing that your accounting tasks are done properly by qualified, experienced and knowledgeable professionals in the field. Easy Online Process You don’t have to deal with the typical headaches involved with face to face meeting and visiting government offices. Our process is 100% online. Fill out simple forms – and you are done!! Trusted We are a trustworthy partner which has been serving startups & companies for past several years. Our growth numbers stand as a testimony: • 200+ clients • 100+ services • 30+ testimonials Partner/ Affiliations We are an e-filing intermediary and have been facilitating filing of hundreds of e-returns. We are also registered with e-mudhra for issue of Pan cards. There are multiple other associations with CA & legal firms. Our site has been secured by SSL to protect your personal & payment details
  10. 10. CONTACTUS Corporate office B-186, Lok Vihar, Pitampura, Delhi 110034 India Our team always endevour to serve you best. Feel free to reach out to us at: www.legalraasta.com Mail: contact@legalraasta.com, M: +919999379929

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