What Is a Company Name search?
When forming a new company, you must conduct a company name search to ensure that the name you choose is available. Choosing a Business name is an important part of the company formation process for many businesses because many companies keep the same name throughout their existence. Checking the availability of a company name before initiating the formation process reduces the chances that the formation will be rejected by the authorities.
The MCA (Ministry of Corporate Affairs) has established a regulatory framework that you must consider when naming your company. Your application may be rejected if your company name does not comply with the MCA's set of rules. Have you already decided on a name? Check company name in the MCA database for availability of company name.
How to Check name availability for company
To see if a company name is available for use online, follow these steps.
Click ‘Search’ after entering the name of your business. There are three ways to see the information on the screen:
- The first situation is an example of this
If you get less than three results, the message ‘high probability’ will be displayed, which indicates that the government has a high likelihood of approving your company name.
- In the second scenario,
This means that you have a 50% chance of getting your business name approved if the message displayed is of moderate probability.’
- In the third instance,
The message ‘low probability’ will be displayed if there are more than eight results. Your company has a very good chance of being accepted here. If this is the case, you should go with a different name.
Guidelines for Choosing Your Business Name
Identical or SimilarYour chosen name should not be similar to any other existing name, either in spelling or pronunciation. An offence may be committed in the event that such a name is discovered. A company's name should include both a noun and an activity word to reflect the type of business that is being conducted. As a result of the business name search procedure, you can avoid making these kinds of mistakes.
It's expected that the applicant will conduct a trademark search
to make sure that the company's chosen name isn't already trademarked. Duplication is avoided by using this method.
Pick a Name That's RelevantThe following do's and don'ts should be included in a name:
|A word or phrase that provides a sneak peek into what the company does should be included in the description||A name should not be offensive|
|To avoid confusion or offence, a name should be distinctive||Attempts to use the plural form of any existing name will not work|
|The abbreviation PVT LTD should be added to the end of the name in the case of PVT LTD.||Creating a new company by combining two or more names that sound alike can be viewed as a single entity|
|It is not counted as another name if you use a different tense or number.|
Block Your Domain Name
You should block your domain name in order to prevent the creation of a duplicate by an applicant.
Approval by the Government
Regulators like the RBI, SEBI, IRDAI, and others may need to approve the name of a company if it includes words like ‘insurance,’ ‘’bank,’ ‘stock exchange,’ ‘venture capital,’ ‘asset management,’ and ‘mutual fund.’
It is recommended that companies with names such as ‘International’, ‘Globe’ or ‘Continental’ have a minimum authorised capital
of ₹5 lakhs.
Things to Keep In Mind While Choosing Your Business Name
In India, choosing a company name is an important decision that should not be taken lightly. There are many things to keep in mind while choosing your business, such as the following:
- The company name should be easy to pronounce and spell
- The company name should be reflective of the business's products or services
- The company name should be unique and not easily confused with other businesses
- The company name should be simple and catchy
Keeping these things in mind while choosing your business name will help ensure that you choose a name that is best for your business.
Documents Required For Company Name Search
1. A copy of your company's proposed name - this can be in the form of a memorandum or articles of association
2. An affidavit from each director and shareholder of the company, declaring that they agree with the proposed name
3. A copy of your company's registered address and office space lease agreement (if applicable)
4. The amount of share capital that has been issued by the company
5. The names, addresses, and occupations of the directors and shareholders of the company.
Why Do You Need a Company Name Search India?
When you are starting a business in India,
it is vital to make sure that the name you choose for your company is available and not already in use by another business. A company name search in India can help you determine whether the name you have chosen is available or not.There are several reasons why you need to conduct a business name search in India. First, it helps you avoid any legal issues that could arise if you use a name that is already in use. Second, it protects your brand identity by ensuring that no one else is using a similar name. Third, it can help you identify potential customers and partners. Finally, it can help you create a unique and memorable brand for your business.
We have a team of experienced and knowledgeable experts who can help you select the perfect name for your business. We also have a huge database of Indian business names, so you can be sure to find the right one for your business. In addition, we offer a wide range of services to help you with all aspects of setting up your company, including company Registration
, trademark registration
, and more.