Choosing an unique company name is the foremost step in procedure for company registration in MCA. The company name is very important as it serves as identity of business and is used in business marketing. Applicants must choose right business name that is catchy and doesn’t infringe any existing company name.
There are over 15 lakh businesses in India which makes it necessary to check company name availability before going for company registration or trademark registration. If the proposed name doesn’t follow the MCA criteria; it can be objected by the verifying authority which will waste your money and time.
Search company name availability at http://gsb.taxation/companyname
Search existing trademarks at http://gsb.taxation/trademarksearch
Company Stakeholders must ensure that the proposed company name does not contain any word as prohibited in Section 4(2) & (3) of the Companies Act, 2013 read with Rule 8 of the Companies (Incorporation) Rules, 2014. They must read and understand Rule 8 of the Companies (Incorporation) Rules, 2014 in respect of any proposed name before applying for the same.
Criteria for Company Name Availability Search
The proposed company must be unique enough to be differentiate from other brands to avoid any intellectual property legal issues.
The business name must not have infringement issues with existing trademarks or designs.
Proposed company name must not include any type of constitutional entity such as ngo, trust, society.
If proposed name has financial terms such as bank, insurance, mutual funds; the approval of regulatory bodies like RBI, SEBI is required.
Proposed company name can’t have any terms associating it with foreign governments, national hero, well known identity etc.
If the authorized capital of company is more than 5 Lakh INR; It can be allowed to use terms like international, hindustan, globe..
If the proposed company name follows above listed criteria; it will be allocated to the applicant. If you want a professional company name availability search.