Choosing the name of a company is a vital part of the entire process. Hence, certain guidelines must be fulfilled to ensure that the company name does not violate any legal provisions.
Firstly, the proposed company name cannot be identical or similar to an existing company or LLP or trademark. Plural version, joining or separating words, spacing, different tense, different spelling, addition of place, addition of titles and other minor difference would not make a name unique. If a similar name is picked, the company which originally had the name is allowed to sue the corporation on the grounds that it stole its name.
Secondly, the proposed company name cannot infringe on a registered trademark or an application for registration of a trademark, unless the consent of the registered trademark owner or trademark applicant is submitted along with the name approval application.
A suit can be filed against the same under IP law. Thirdly, the proposed company names cannot include words indicative of a separate type of business constitution or legal person or any connotation. For example, words like co-operative, sehkari, trust, partnership, proprietor, society, HUF, firm, Inc., GmbH, SA, PTE, Sdn, AG cannot be a part of company name.