Wednesday, 22 February 2012

Common reasons for rejection of a Company Name:

Common reasons for rejection of a Company Name:

Common Reasons for Rejection
Proposed name is not according to the activities described in Main Objects

Proposed Name is not available in view of the existence of identical or closely resembling companies.

Proposed name is too general without any distinct word or identity

Keywords like Industry/ Udyog, Enterprises, Products, Business, manufacturing may be
considered when the company proposes to deal in various business activities/ the company is already carrying on various business activities (in case of change of name). As your business activity is in particular trade said keywords cannot be allowed

Proposed name does not include suitable prefix

Words like International, Hindustan, India, Bharat, Continental, Asiatic, Corporation will not be allowed unless the scope and scale of business of the proposed company justify the use of words

Proposed name includes words like National, Central, Union, Federal etc which are
considered as undesirable

Please furnish No Objection by way of Resolution of the Board of the Group of Companies

Proposed name indicates the partnership or the patronage of any National Leader or of Government. Please furnish necessary evidence in this regard to consider the matter further

In case of company taking over business of partnership firm please furnish a copy of the Partnership deed, latest Assessment order, Balance Sheet of past two years and also Profit and Loss account. An affidavit signed by all the partners showing that the main objects of the Company will be to take over the business of present firm and thereafter the firm will be dissolved.

For cases of Change of name of company ,Please furnish the following documents/ information
:-
Board resolution of the existing company for change of name and reasons for change of name.

Certified copy of latest Memorandum of Association, Balance Sheet and Profit and Loss account.

Present business activities of the company and the proposed activities of the company
specifying the object clause of the Memorandum under which the activities are covered.

Turnover of the existing companies from the existing activities in the last 1 year.

Turnover of the existing companies from the proposed activities in the last 1 year (specifying the exact period) duly certified by Statutory Auditors NOC from the out-going promoters if fresh allotted name is being applied as a Change of Name.

Whether Form 23 for alteration in the object clause has been registered in ROC office if so furnish a copy of Certificate issued u/s 18(1) of the Companies Act,1956
Whether the company has filed its A/R, B/S up to date, if so proof thereof.
Please also file a power of attorney, if applicable.

If objects are indicated in the names, the same should correspond to the main objects. As your main objects differ the name is rejected.

Annexure/ attachment should be signed, if any

File the reasons for change of name