Last updated: January 11th, 2024 10:09 AM
Acceptable Name for Company or LLP
Choosing an acceptable name as per Companies Act, 2013 or Limited Liability Partnership Act, 2008 is one of the most important steps in the incorporation process. In this article, we look at the naming guidelines and process for choosing an acceptable name for a Company or LLP.
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Acceptable Name
An acceptable name for a Company or LLP has three parts, the name part, object part and constitution. The following illustrations, illustrate the three parts of a name:
[caption id="attachment_1372" align="aligncenter" width="445"]
three parts of a name
Name Part
The name must be unique and acceptable, as defined by the Companies Act, 2013 or LLP Act, 2008. The name cannot be the same or similar to an existing company or LLP or trademark in the same industry or field. Therefore, in case there exists a Company by the name AAA Engineering Private Limited, then the name AAA Engineering LLP would not be allowed. Also, similar names like AAA Engineers Private Limited will not be allowed as it is in the same industry and is similar to an existing company. However, AAA Cars Private Limited will be allowed as it is in a different industry/field.
Therefore, while choosing a company name, ensure there are no other names registered with the MCA in the same industry or field as that of the proposed name.
Object Part
Every Company (includes Private Limited Company, One Person Company, Limited Company) and LLP name must include an object part, that clearly states the nature of business of the entity. The object part defines the main activity undertaken by the Company or LLP. The following are some of the well-known object parts used in company or LLP names:
