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Company name reservation

Rayapati Balarama Krishna (Consultanat) (27 Points)

01 February 2018

Hello

How to reserve the name of a company? I am not able reserve the name that i want to reserve. initially i am searched in MCA site for the name but no company is registerd on such name in all combinations of words in the name. But MCA rejected my application since it is registered under trade mark act, and also stating that name is resemblence with another company. please provide solution for overcoming this.

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5 Replies

krunal PIPALIA (9 Points)
Replied 06 February 2018

you can't not get certain name for the company who's name such trademarks is registered or name which is closely same with already alloted name and other as per name state by govt of India
if you will get the NOC from such other company then you may get the same

kindly consider or use new RUN procedure for the same...

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Sajin (CMA Final) (34 Points)
Replied 06 February 2018

Can I reserve a Name using my login details for my client

Shrijay Sheth (Co-Founder) (2692 Points)
Replied 07 February 2018

Application of name reservation is now made under RUN (Reserve Unique Name). For application and reservation of the name numerous provisions are applicable, where the Registrar also compares the proposed name with existing companies/LLPs and the Trademarks. You can go through following link to know how to choose a Name for a Company.

Mark Business Identity Wisely – Choosing the name of Company

For registration of a Private Limited Company, feel free to contact with our experts at 89806 85509 or support @ legalwiz.in.

Hari chavan (N.a) (40 Points)
Replied 24 March 2018

i have submitted the application for reservation of name through RUN service for the wealth management company following rejection messeage was given by the MCA .

The declaration has not been provided as per rule 8(2)(b)(XIII)of Companies Incorporation rules 2014. "

please provide me suggesstion in this regard

Shrijay Sheth (Co-Founder) (2692 Points)
Replied 24 March 2018

The stated rule prescribes that in case the name of company includes certain suffix, it is required to furnish the approval letter of concerned authority that allows using such suffix as part of the name. A wealth management company is required to submit the approval of SEBI while filing the application under RUN. Rule 8(2)(b) (xiii) “the proposed name include words such as ‘Insurance’, ‘Bank’, ‘Stock Exchange’, ‘Venture Capital’, ‘Asset Management’, ‘Nidhi’, ‘Mutual fund’ etc., unless a declaration is submitted by the applicant that the requirements mandated by the respective regulator, such as IRDA, RBI, SEBI, MCA etc. have been complied with by the applicant” Read https://rbi.org.in/SCRIPTs/NotificationUser.aspx?Id=10360&Mode=0 for more details.