We are trying to add a foreign investor(Australian) to our company. In this regard the investor has initiated the FDI amount to our Authorized dealer bank(IDFC). Bank has specific instructions about the investment transfer like.. along with the SWIFT transfer the buyer should send his KYC details as part of the SWIFT transfer via MT199 Swift message. The buyer has visited the bank in Australia and made the transfer but the Bank in Australia are not complying with the request to send a separate MT199 KYC message, saying that they dont do that. IDFC is stuck with this point that if they do not receive MT199 KYC details of the buyer they wont accept the inward remittance. My question is.. is this the norm for any investor to make FDI to India as per RBI regulations in order to proceed for FCTRS proceedings. Why is bank insisting that KYC need to be sent via SWIFT MT199 only, kyc can be done by any other means also. thank you

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