To enlist an organization or LLP in India, the name of the proposed substance should initially be supported by the Ministry of Corporate Affairs. Application for endorsement for name should be made under RUN Name Approval. In RUN Form, advertisers can determine up to 2 distinct names arranged by inclination. In light of the accessibility of organization name, one of the names mentioned would be supported. In the event that none of the names are satisfactory, the advertiser would be approached to resubmit the application with all the more new names. One of the significant justification dismissal of an organization name is that the proposed organization name has words that are not satisfactory according to the Companies Incorporation Rules. In this article, we take a gander at such words that can’t be utilized in organization names.
Words not Allowed in Company Name
The accompanying words or mixes that contain the accompanying words are not permitted to be a piece of an organization name or LLP name.
- Limited scope Industries
- Khadi and Village Industries Corporation
- Woods, Corporation and such
- Advancement Authority
- Executive or Chief Minister
- Woods Corporation
- Advancement Scheme
- Court or Judiciary
- Lead representative
- Advancement Scheme or the utilization of word Scheme with the name of Government(s), State, India, Bharat or any Government authority or in any way looking like with the plans dispatched by Central, State or Local Government or Authorities.
On the off chance that the organization’s primary business is financing, renting, chit reserve, speculations, protections or blend thereof, at that point the organization name should be characteristic of the connected monetary movement like Chit Fund, Investment or Loan.
Any piece of an organization name can’t contain words demonstrative of a different sort of business constitution or lawful individual like helpful, Sehkari, Trust, LLP, Partnership, Society, Proprietor, HUF, Firm, Inc., PLC, GmbH, SA, PTE, Sdn, AG, and so on,
Words Requiring Approval of MCA
In the event that a proposed name contains words like protection, bank, stock trade, investment, resource the board, nidhi, common asset, etc., at that point endorsement should be submitted from particular controllers like IRDA, RBI, SEBI, MCA, and so forth,
Foreign Country or City
Assuming an organization name contains an outside country or unfamiliar city name, the name endorsement can be supported just if the advertisers submit evidence of huge business relations with such far off country.
Words Allowed Only for Section 8 Company
The accompanying words can be utilized as a piece of a Section 8 Company name as it were:
- Electing Trust