A COMPLETE GUIDE TO SELECT COMPANY NAME

Word NAME written on wood block

“SIMPLE & CATCHY COMPANY NAME DETERMINES YOUR BUSINESS SUCCESS”

A right name for your startup has significant impact on your success. A wrong name can have negative effect like failure to attract right customers. Many a times it leads to legal and business hurdles too. On the other hand a powerful and clear name is extremely beneficial in branding and marketing of your business and its products/services.

RULE 8A LAYS OUT THE LIST OF UNDESIRABLE NAMES. IT IS AS FOLLOWS:

  • A company name should not be prohibited under Emblems and Names (Prevention and Improper Use) Act, 1950, unless prior permission is granted
  • A company name should not include any existing trademark that comes under same class of activity of goods or services, unless prior consent has been obtained by the promoter from the trademark owner.
  • A Company name should not include any words that are offensive to any class of people
  • The proposed company name should not be identical or have near resemblance to any existing LLP.
  • The proposed company name should not be identical with the name reserved under rule 9
  • If the main business activity is chit fund, investments, financing, securities or their combinations, the proposed company name should include their respective financial activity like loan, investment, security etc. On the other hand your proposed name should not include the above financial activity names if your main business activity does not involve the same.
  • Your proposed company name should not be similar to popular or abbreviated name of existing LLP or company.
  • Your proposed company name should not be similar to the company or LLP incorporated outside India and such name has been registered with registrar for opening its subsidiary in India. Even rule 8 of name resemblance is considered for name approval.
  • Your company name should not include words representing legal persons or business constitution or connotations like HUF, Ffirm, PTE, AG, Inc. etc.
  • Your proposed company name should not include words ‘British India’
  • Company name should not imply any connection with any foreign embassy or consulate
  • Company name should not imply connection with any national hero patronage or important persons who were in the Government positions.
  • Company name should not resemble any dissolved company which is within 2 years of the dissolution of the company. If a company name is struck off from the register then the same name cannot be up to twenty years
  • LLP name which is struck off from the register cannot be applied for the same name until five years
  • If your proposed company name has words like Bank, Stock Exchange, Asset Management, Nidhi, Mutual fund etc., you need to get prior approval from respective regulations authority like IRDA, SEBI,MCA, RBI etc and their requirements have to be complied with
  • The proposed company name should not include the word State, Continent, Country, place etc in its name
  • Your company name should not be merely commonly used words to describe an activity
  • Do not use names of foreign city, foreign country etc. provided the applicant is able to produce proof of business relations with them.
  • In case of Sec 8 companies the proposed name should include words like Foundation, Forum, Association, Federation, Chambers, Confederation, Council, Electoral Trust etc.
  • A Nidhi company should include words “Nidhi Limited” in its name.
  • You can apply for the name of company which has been removed from the Register after 3 years from such removal, provided no special direction is issued by competent authority for the same.

RULE 8B LAYS OUT THE – WORD OR EXPRESSION TO BE USED WITH PRIOR GOVERNMENT APPROVAL.

“COMPANY NAME SELECTION – A CRUCIAL BUSINESS DECISION”

The following is a brief summary of Rule 8B- list of words / expressions that can be used in your company name with prior approval from Central Government.

  • Board;
  • Commission;
  • Authority;
  • Undertaking;
  • National;
  • Union;
  • Central;
  • Federal;
  • Republic;
  • President;
  • Rashtrapati;
  • Small Scale Industries;
  • Khadi and Village Industries Corporation;
  • Financial Corporation and the like;
  • Municipal;
  • Panchayat;
  • Development Authority;
  • Prime Minister or Chief Minister;
  • Minister;
  • Nation;
  • Forest corporation;
  • Development Scheme;
  • Statute or Statutory;
  • Court or Judiciary;
  • Governor;
  • Using of word ‘ Scheme’ with Government name like State, India, Bharat or any Government authority or any similarity with schemes of Central, State or local Government , authority or Bureau.” .

RULE 8 OF COMPANIES ACT, 2013 – AVOID COMPANY NAME THAT HAS TOO NEAR RESEMBLENCE TO EXISTING COMPANY

#1. USING PLURAL AND SINGULAR WORDS IN NAMES

Using plural and singular words in names & using of words like Private, Pvt, Pvt., (P), OPC Pvt. Ltd., , Productions Limited, Limited, Unlimited, Ltd, Ltd., LLP, Limited Liability Partnership, company, and company, & co, & co., co., co, corporation, corp, corpn,  or group

EXAMPLES

1. White Delight Technology Pvt. Ltd. , White Delights Technology Private Ltd., Whites Delight Technologies PVT Limited. —-ARE SAME

2. DT Tech solutions Pvt Ltd. And DTS Tech solutions Pvt. Ltd. —ARE NOT SAME

#2. USING CAPITAL LETTERS AND SMALL LETTER , SPACING BETWEEN LETTERS, SPECIAL CHARACTERS AND PUNCTUATIONS

EXAMPLES

1. DTS Tech Pvt. Ltd, D.T.S. Tech Pvt. Ltd, D T S Tech Pvt. Ltd —- ARE SAME

2. Four Tree Ltd, Four-tree Ltd, Four@tree Ltd——–ARE SAME

#3. USING DIFFERENT TENSES OF VERBS OR ACTION WORDS IN NAMES

EXAMPLES

1. Delight Computers Ltd., Delighted Computers Ltd—- ARE SAME

2. Talk Media Pvt. Ltd, Talking Media Pvt. Ltd. Talked Media Pvt. Ltd. —- ARE SAME

#4. WORDS THAT SOUND SAME BUT HAVE DIFFERENT SPELLINGS INCLUDING MISSPELLED EXPRESSIONS OR WORDS

EXAMPLES

1. Techchem solutions ltd, Teckem Solutions Ltd, Kemtech ltd, Cemtec Ltd ——-ARE SAME

2. PD  Ltd., Pea Dee  Ltd,P Dee Ltd.,——–ARE SAME

#5. USING WEB HOST NAMES like org, www, net, org, com, dot

EXAMPLES

1.Filing Point Ltd, Filing Point .com Ltd —–ARE SAME

2. Filing Point consultancy Ltd, Point Consultancy .com Ltd.—–ARE NOT SAME

#6. ORDER OF WORDS IN COMPANY NAME

EXAMPLES

1. APC Designer and Decorators Ltd , APC Decorators and Designers Ltd—-ARE SAME

2. Lakshmi travels Ltd , Bhagya Lakshmi Travels Ltd —ARE NOT SAME

#7.USING DEFINITE AND INDEFINITE ARTICLES

EXAMPLES

1. Happy Travels Ltd, The Happy Travels Ltd, A Happy Travels Ltd—-ARE          SAME

2.Deepa Technologies Limited, Pradeepa Technologies Limited—-ARE NOT SAME

#8. SLIGHT CHANGE IN SPELLING AND GRAMMAR

EXAMPLES

1. Cool services pvt Ltd., Kool services pvt Ltd—-ARE SAME

2. Beat Consultancy Ltd., Upbeat Consultancy Ltd.——ARE NOT SAME

#9. TRANSLATION OR TRANSLITERATION OF EXISTING NAMES IN HINDI OR ENGLISH

EXAMPLES

1. Rashtriya Electricity Corporation Ltd., National Vidyut Nigam Ltd.—ARE SAME

2. Amazon Construction Ltd., Amazon Nirman Ltd—-ARE NOT SAME

#10.ADDING NAME OF A PLACE

EXAMPLES

1.Lakshmi Tech Ltd, Lakshmi Tech Delhi Ltd, Lakshmi Delhi Tech Ltd—-ARE SAME

2. Lakshmi Tech Delhi Ltd, Lakshmi Tech Chennai Ltd—ARE NOT SAME

#11.MODIFICATION OF EXISTING COMPANY NAMES WITH NUMBERS OR EXPRESSIONS. UNLESS THE NUMBER DENOTES A BRAND

EXAMPLES

1.Top Consultants  Ltd., Top3 Consultants  Ltd , 3 Top Consultants  Ltd.—–ARE  SAME

2. Nine 7 tools  Ltd., Nine  tools  Ltd.———ARE NOT SAME(If Nine 7 denotes a brand)

On the outset every company needs a name and it is the most important decision you make. Your business name creates a tremendous impact on your investors and customers view on you. The company name you choose speaks volumes about your business savvy and understanding of business world.

Some key things to consider when choosing a name are given below:

  • Business name or Company name should be Unique and Impressive
  • It should be easy to pronounce and unforgettable
  • Keep your company name simple
  • Your company name should make some sense.
  • Give a clue about the your business in the name
  • Don’t box yourself in by restricting the business nature with the company name.

You can check company or LLP name availability or trademark search through http://checkcompanyname.com/

We understand you still have queries and need clarifications for selecting the right company name for your business.

Filing Point is top business registration specialists in Chennai. We are one stop solution business services provider. In case you are unsure of choosing the right company name for your business, you could mail your choice of names to to info@filingpoint.com. We shall check availability of your proposed name with MCA. We are always happy to answer your queries anytime. Get in touch with us today.

COMPANY REGISTRATION IN CHENNAI

Company Registration in Chennai can be done in a few days with the help of professional and experts. The Professionals like Chartered Accountants, Company secretaries and Advocates are the right persons to handle Private Limited registration in Chennai or anywhere in India.

WHY SHOULD YOU START A PRIVATE LIMITED COMPANY?

Private limited companies have the attractive feature of external funding and limited liability of share holders. As such it is the most preferred form of company structure for start-ups and growing companies. Private Limited Company is the easiest form of company. The compliances are less when compared to public limited company.

HOW TO DO PRIVATE LIMITED COMPANY REGISTRATION IN CHENNAI?

Today company incorporation is online and same all over India. A sequence of steps is following to register a company in Coimbatore. But to begin with the steps you need some basic documents:

1. Bank Statement (with latest 2 month transaction) of each of the directors-self attested

2. PAN Card of each of the directors (Self Attested)

3. Aadhar Card of each of the directors (Self Attested)

4. Voter ID/Passport/Driving License of each of the directors (Self attested)

5. Mobile Number of all directors

6. Email ID of all directors

7. Occupation

8. Education Qualification

9. Capital investment into the business

10. EB card of the registered office address

11. Rental agreement of place of business if any

12. NOC from owner of registered office premises

WHAT IS THE PROCESS OF PRIVATE LIMITED COMPANY REGISTRATION IN CHENNAI?

The process of registering a private limited company is complex. It requires help and Digital signatures of Chartered accountants and Company secretary. It is advisable to get company registration in Chennai, India through professionals like Chartered accountants in Chennai or even Company secretaries or advocates.

The following step by step procedure will guide you through the process of registering a private limited company

  • Step 1: Check Name Availability and Apply for company name reservation
  • Step 2: Obtain Digital Signature Certificate
  •  Step 3: Obtain DIN
  • Step 5: Draft MOA and AOA and other registration documents
  • Step 4: Submit company registration application –SPICE eForm
  • Step 6: Apply for PAN and TAN in SPICE form itself
  • Step 7: Receive Incorporation Certificate

POST REGISTRATION OF A COMPANY

Once you receive incorporation, a private limited company can commence business immediately. But you need to open bank account of company and deposit share capital in to the account. Apart from company registration the following additional registrations may be required like

  • Professional Tax registration
  • Registration under Shops and Establishment Act
  • Import – Export License
  • Trademark Registration
  • EPF and ESI
  • GST Registration 

FILING POINT OFFERS PRIVATE LIMITED COMPANY  REGISTRATION IN CHENNAI at an unbelievable price of INR 4499/-. This package consists of  – 2DIN,  2DSC, Incorporation Certificate, PAN ,TAN, MOA,AOA, Opening Bank Account Board Resolution.

WHAT DO YOU GET BY PRIVATE LIMITED COMPANY REGISTRATION THROUGH FILINGPOINT.COM?

  • Digital Signature of two Directors
  • DIN (Directors Identification Number) of two directors
  • Company Name Reservation
  • Hard and soft copy of Articles of Association & Memorandum of Association
  • Reply to queries raised by ROC department during registration
  • Receipts of Government Fees
  • Receipts for Payment of Stamp Duty and Registration Fees
  • Our Professional Fee receipt
  • Certificate of Incorporation
  • PAN and TAN of your Company
  • Support to Open a Bank Account
  • Tax Consultation for Free

In case you post incorporation services like Income tax filings, ROC filings, Event based ROC Filings, GST filings, TDS filings or any other services related to your business contact Filingpoint.com professionals.

For more details drop us an mail or call. We shall be happy to be of your assistance.

5 BIGGEST ADVANTAGES OF COMPANY REGISTRATION

Introduction

You have great business ideas and want to start your new venture or you may want to grow your existing business. You may be thinking whether it is the right time to register a company. Setting up your company is very easy and stress-free. A registered company offers greater legal protection. By registering your business as a company you can operate more effectively with legal compliance.

Here are the 5 Biggest Advantages of Registering Your Company

Limited Personal Liability

First and foremost benefit of doing business by registering as a company is the limited liability conferred upon the company’s directors and shareholders. A sole trader or partner is legally responsible for all business aspects including debts and losses. But a Company is a separate legal entity. The creditors of your business cannot lay claim on your personal assets in the event of losses in the business or business failure. Your liability is limited to the shares owned by you. A company is a sure way to protect your personal assets from your business actions. The Directors or Shareholders are not made bankrupt and have no personal liabilities in the event of business failure.

Enhanced Brand Image and great relationships with your customers and suppliers

Think about the biggest brands in world today: Microsoft, Walmart, Coca-Cola, Google etc. All are registered companies. Registering your business as company enhances your reputation and perception of your business. Accountability is also established with your company structure.

Third parties like customers and suppliers prefer to have business with a company rather than with proprietorship or partnership. Hence registering your business as company is important for any future dealing with third parties. Even larger organization open their business gates only to companies.

 

Raise Big capital

If you register your business as a company, you can easily attract investor and raise money for your business. A company gives you the ability to borrow and incur debt, but more importantly it enables you to sell shares and raise equity capital. Raising money is essential for development and expansion of your business. Investors and banks prefer to lend money to companies than proprietorship or partnership firms. As such a company has better avenues for borrowing funds. It can issue debentures or accept deposits from public too.

Easy to attract quality workforce

With your business registered as a company you can easily attract quality workforce and achieve strategic motivation of employees. You can use flexible and wide range of management designations or ESOP to attract and retain talented workforce in the company. The secret behind the success of any business is the talented workforce.

 

Dual Relationship

In the company form of business you can draw up contract with any of its shareholders/directors. A person can have control of a company and at the same time be in its employment. Thus, a person can be a shareholder, director, creditor and employee of the company at the same time. For eg: He can receive remuneration as a director +  He can receive dividend as a shareholder  +  He can receive lease rent as a lessor  +  He can lend money and earn interest as a creditor  + He can supply goods from his other business as a supplier.

Conclusion

We make your company registration quick and easy. It is a 100% online registration process. We offer range of packages and additional services to help protect your company from the get go.

Ready to Register? Contact Us!

Why you need a private limited

Every entrepreneur must have to spend a great deal of time to choose the suiting business structure. Be it a small, medium or large enterprise, a lot of research is made to see which structure turns out to be the most profitable, the most hassle-free, and the most manageable.