Tag: Input Tax Credit

Name of a company is what differentiates a company from others and it builds the image of the Company. For reservation of name, Form RUN is required to be filed with the Registrar of Companies (Registrar/ RoC).

In general, name of a company is divided into three parts:
[Trade Name] + [Object to be pursued by the Company on its incorporation] + [Limited/ Private Limited]

For Example:
HCL + Technologies + Limited [Trade Name] [Business Activity] [Business Structure]

While choosing the name for a company, it is very essential that the person shall keep the following points in mind:

• The name must not be identical with the name of an existing company or a Limited Liability Partnership (LLP);
• The name must reflect the business activity of the company;
• The name should not be offensive under any law;
• The name should not be undesirable in the opinion of Central Government;
• The proposed name should not be identical with the name of a company that has been dissolved for a period of two years from the date of such dissolution;
• The proposed name should not be identical with the name of a company that has been struck off for a period of twenty years from the date of publication in the Official Gazette of the notice of being struck off;
• The name shall not be identical with the name of a LLP in liquidation or the name of a LLP which is struck off up to a period of five years;
• The name should be in line with the provisions of the Companies (Incorporation) Rules, 2014 [as amended from time to time]

For detailed provisions on reservation of name Click Here