Company Name Application and Approval process

Company Name Application and Approval process

The Name application in e-form 1A can be certified by a Practicing Company Secretary, Chartered Accountant and Cost Accountants, along with a search report stating that he / she has used the search facilities available on the portal of the Ministry of Corporate Affairs. In such cases, the name will be made available by the system online to the applicant without backend processing by the Registrar of Companies (ROC).

CompaniesInn with its experiences team of Professionals helps you to get your company name approved within few hours.

Where a name has been made available online on the basis of certification of practicing professional in the manner stated above and later if it is found that the name ought not to have been allowed under provisions of section 20 of the Companies Act read with these Guidelines, the professional shall also be liable for penal action under provisions of the Companies Act, 1956 in addition to the penal action under Regulations of respective professional Institutes.

The Name application can also be signed by the applicant. In such cases, the application will be processed by the office of ROC and availability or non availability of name will be communicated to the applicant accordingly.

Any approved company name is liable to be withdrawn anytime before registration of the Company, if it is found later on that the name ought not to have been allowed. The ROC will pass a specific order giving reasons for withdrawal of name, with an opportunity to the applicant of being heard, before withdrawal of such name.

The name, if made available to the applicant, shall be reserved for sixty days from the date of approval. If, the proposed company has not been incorporated within such period, the name shall be lapsed and will be available for other applicants. No extension will be granted after expiry of sixty days from the date of approval.

Even after incorporation of the company, the Central Government has the power to direct the company to change the name under section 22 of the Companies Act, 1956, if it comes to his notice or is brought to his notice through an application that the name too nearly resembles that of another existing company or a registered trademark.