Process to apply for the name of a private limited company
Process to Apply for the Name of a Private Limited Company Shantanu 4th Yr. NLU, Odisha
Process• File Form e-1A of General Rules and Forms.• Fee – Rs. 500.• Suggest at least 4 names.• Name of a private company must end with ‘Private Limited’ or ‘Pvt. Ltd.’
Important Points (contd…)• The name must be in consonance with the principal objects of the company.• No mention of the name of a registered trademark, unless authorized.• Should not be offensive to anyone.• Should be distinct.• Should not sound similar to the name of any existing company.
Important Points (contd…)• No mention of the word “co-operative”.• Should not begin with “National”, “British India” or the name of any State.• Should not indicate association with any well- known person.
Important Points• Abbreviations can be used in case of change of name of existing companies but not in new companies.• In cases of a banking company, the advice of RBI should be taken.
Using of Keywords# Key Words Required Authorized Capital1. Corporation Rs. 5 Crore2. International, Globe, Universal, Continental, Inter Rs. 1 Crore Continental, Asiatic, Asia being the first word of the Name3. If any of the words at (2) above is used within the name Rs. 50 lakhs (with or without brackets)4. Hindustan, India, Bharat being first word of the name Rs. 50 lakhs5. If any of the words at (4) above is used within the name Rs. 5 lakhs (with or without brackets)6. Industries / Udyog Rs. 1 Crore7. Enterprises, Products, Business, Manufacturing Rs. 10 lakhs
Other Requirements• File a “No Objection Letter”.• It is to be filed on behalf of all promoters.• It will declare that the promoters have no issues with the names suggested.• The Registrar is expected to dispose of the application in 14 days.