Undesirable company names – Ministry of Corporate Affairs has proposed amendments in the Companies (Incorporation) Rules 2014
The proposed amendment intends to bring more clarity to the rules related to name availability by:
(i) inclusion of illustrations in the rules;
(ii) providing a clear test to determine as to whether the applied name resembles too nearly with the name of an existing company; and
(iii) bringing more clarity in the rule related to “general names” / descriptive names and trademark applicability;
The proposed amendment seeks to substitute the following rules
As said, many illustrations have been given to explain the different scenarios.
Also read:
Company Name -Undesirable Resembling and Identical Names- Rule 8 of Companies Incorporation Rules, 2014
Company Name Availability Guideline 2011
Suggestion/Comments on the proposed amendments along with justification in brief may be sent latest by 31st December, 2018
Under percentage completion method, selling/Admin costs are allowable despite no revenue declared as per guidance note of ICAI. In a…
AO cannot use reverse computation of gross payment using TDS amount to determine the amount disallowable u/s 40(a)(ia) - ITAT…
Once loans were repaid in subsequent assessment years with cogent evidences then the addition u/s 68 of the Income Tax…
Viksit Bharat Guarantee for Rozgar & Ajeevika Mission (Gramin), In short VB-GRAM-G notified Government has notified Viksit Bharat Guarantee for…
Once PCIT restores assessment to AO for denovo consideration, AO is obliged to independently apply mind without influenced by the…
When value of items traded differs it cannot be taken as basis for computing the stock position specially when quantitative…