The Fourth step you need to go for is to reserve the name of the Company. Name of the company should not be similar to the name already registered and must not contain any such word which is prohibited by the Companies Act, 2013.
Name can be applied either by filing form RUN (Reserve Unique Name) or by filing SPICe. In the case of Public Limited Company, word “Limited” will be used at the end of the name of the company. Once a name gets the approval, it remains valid for a period of 20 days.
Given below are conditions imposed on it
- The name chosen for a new company registration should not be similar or identical to any registered company or trademark.
- The name should not be one objected or prohibited under the Emblems and names Act, 1950′.
- The name of the company must include the suffix Public Limited Company or Limited company
When the application for the company name or names are submitted, the registrar review, tally and approve one of the names requested by you. The process usually takes 3 to 5 working days to get approval.