9911796707
TMI BlogWords that are restricted by MCA for a Company NameX X X X Extracts X X X X X X X X Extracts X X X X ..... Words that are restricted by MCA for a Company Name - By: - Ishita Ramani - Corporate Laws / IBC / SEBI - Dated:- 15-8-2023 - Introduction When choosing a company name, there are numerous dos and don ts to keep in mind. Keeping these in mind, a proper name should be picked because a business s name has the ability to create or break the enterprise; also, certain names are restricted or prohi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... bited by MCA company naming laws. So, here is the post that will contain all of the information on the MCA Restricted Words for a Company Name. Company Name Registration by MCA Before a company or LLP (Limited Liability Partnership) may be incorporated in India, the Ministry of Corporate Affairs (MCA) must first approve the new entity s name. In RUN Form, promoters can list up to two names ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in the order of selection. Depending on the availability of the company name, one of the provided names would be accepted. If none of the submitted names are suitable, the promoter will be encouraged to resubmit the application with additional new names. One of the most common reasons for rejecting a proposed company name is that it contains terms that are prohibited by the Companies Incorporatio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n Rules. It is necessary to affix words with suffixes like Limited or Public Limited. When a business is registered as a public limited company, the word Limited must come after the company name. A business name that is registered as a private limited company must have the words Private Limited at the end. Important Information: Section 8 enterprises and government-owned compani ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es are exempt from this rule. List of restricted words The list below includes a list of restricted words. There is no combination of these words with any other words or terms that have a similar meaning in any other language. Small Scale Industry Board Central National Union Commission Statue Development Scheme Minister Court or Judiciary Forest Corpo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ration Nation Bureau Panchayat Municipal Development Authority khadi and Village Industries Corporation Prime Minister or Chief Minister Authority Undertaking Republic Federal Rashtrapathi Statue Governor Statutory Insights on words that are restricted by MCA 1. Words Requiring MCA Approval When a proposed name contains words like insura ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nce, bank, stock exchange, venture capital, asset management, nidhi, mutual fund, etc., the proper regulators, including RBI, IRDA, SEBI, MCA, etc., must give their approval. 2. The company name contains a city or a name of a foreign nation If a company name includes the name of a foreign country or city, the name can only be approved if the promoters can show they have close ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... commercial relations with the country in concern. 3. Words that signify a certain sort of corporate structure Any word that denotes a different kind of corporate structure or legal person, such as cooperative, Trust, LLP, Partnership, Society, Proprietor, HUF, Firm, Inc., PLC, GmbH, SA, PTE, AG, etc., cannot be used in any part of a company name. 4. Language must be illustrative If ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the company s major operation is financing, leasing, chit funds, investments, securities, or a combination of these, the company name must be informative of the related financial activity, such as Chit Fund, Investment, or Loan. Pvt Ltd Company Registration in India is the process of legally establishing a private limited company. It involves obtaining a Director Identification Number (DIN) a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd Digital Signature Certificate (DSC), getting name approval, drafting the Memorandum of Association (MOA) and Articles of Association (AOA), filing incorporation documents, and obtaining the Certificate of Incorporation. Additional steps include obtaining a PAN and registering for GST. Professional assistance is advisable for a smooth and compliant registration process. Summary When for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ming a company in India, you have to propose and have authorized a name by the Ministry of Corporate Affairs. If the standards of the Company (Incorporation) Rules, 2014 are not fulfilled, the proposed name may be rejected. As previously stated, certain words are restricted by MCA, and if a Business Owner chooses certain words, MCA (Ministry of Corporate Affairs) will refuse the Company Name App ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... roval. - Scholarly articles for knowledge sharing authors experts professionals Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
