Use of word, National, Bank and Stock Exchange in the names of Companies or Limited Liability Partnerships-LLPs allowed if No Objection Certificate is produced
Excel for Chartered Accountants
General Circular No. 2/2014
F. No. 2/2/2014
Ministry of Corporate Affairs
Government of India
5th Floor, A Wing, Shastri Bhawan
Dr. R. P. Road, New Delhi
Dated th 11th February, 2014
To
All Regional Directors
All Registrar of Companies
All Stakeholders
Sub:- Use of word, National in the names of Companies or Limited Liability Partnerships-LLPs
Sir,
It has come to the knowledge of this Ministry that Companies / Limited Liability Partnerships are being registered with the word 'National' in their names. It is being intimated that no company should be allowed to be registered with the word ."National" as part of its title unless it is a government company and the Central/State government(s) has a stake in it. This should be stringently enforced by all Registrar of Companies (ROCs) while registering companies. Similarly, the word, 'Bank' may be allowed in the name of an entity only when such entity produces a 'No Objection Certificate' from the RBI in this regard. By the same analogy the word, "Stock Exchange" or "Exchange" should be allowed in name of a company only where "No Objection Certificat"' from SEBI in this regard is produced by the promoters.
Kamna Sharma
(Assistart Director)
23387263
Company Name Availability Guidelines and Rules 2011 with respect to
undesirable , indentical resembling names & use of keywords in name
and minimum authorised capital requirement for particular key words>>
