After recent amendment adding a word related to the business activity is not mandatory. Hence there is no need to show main object in the name of company. Further the selection of name of the company is the critical part of process of incorporation. The name must be unique or a coined word and it should end with Private Limited or Public Limited as the case may be.
Here are some undesirable names which should be taken care in selection of name.
- If the name resembles with any other company or LLP
- If it attracts the provisions of Emblems and Names (Prevention and Improper Use) Act
- If name is similar to registered trademark or is in the process of registration except if NOC from such owner is provided.
- If it includes any word which is offensive.
- If the name includes words such as “Insurance, Bank, Stock Exchange, Venture Capital, Asset Management, Nidhi, Mutual fund etc.,” except the approval is taken from applicable authority.
- If name contains only one word as a name of any country, continent, state, city such as Asia Private Limited.
- If the name is general.
- If name includes words such as “Board, Commission, Nation, National, Authority, Commission, Undertaking, Union, Central, Federal, Republic, etc ”
Hence while selecting the name of company the above mentioned points must be kept in mind to avoid rejection of name. Professionals at LegalWiz.in can guide you how the name of company can be selected and the process of incorporation of company