When you first know about a product, the first thing which you probably see is the Company name. Yes, a Company name registration is very much important and is one of the most important and probably the foremost clause in the Memorandum of Association. Thus it is very important to have a good Company name. A Company needs to have a name in order to establish its identity. It is that name by which a Company is known. A name should be unique and should not be identical. But the next question which arises is how to register your Company name in India?
Well, we would first see the rules and then pROCeed to this question.
Rules For Picking Your Company Name
A few guidelines have to be looked upon under the guidance of the Registrar of ComPANies or the ROC. The approval of the name can depend on the opinion of the officer handling your application. The rules, if followed increase the number of chances of the acceptance of the name. The rules are as follows:
The name should be unique. Once a name is taken, then the name is not allowed to be used by any other business form. Also, similar names to existing business would not be accepted.
The name must not an abbreviation, adjective or some generic word. These words are blacklisted and cannot be used. Also, if the firm is a financial organisation, then the words bank, stock and exchange cannot be used until it has been approved by RBI or SEBI.
There should be no common trademark by the same name in the IP India website. If there is already a name present and you want to keep the name, then a No objection certificate has to be given by the owner. Thus a trademark name search must be done beforehand.
The Company name must match the type of profession you are into. It must have a descriptive component. It cannot have unnecessary suffixes if the Company doesn’t deal with those services.
How to get Company name registered in India
In order to register a Company name in India, the following four main steps need to be remembered:
Acquire the Digital Signature Certificate (DSC)
Get the Director Identification Number (DIN)
Incorporate or Apply for the Company which has to be registered.