Undesirable company names: approval requires no phonetic/visual resemblance and sectoral regulator consultation. Registrars of Companies must refuse names that are visually or phonetically similar to existing companies; names beginning with lowercase letters are allowed if no resemblance exists. Change of name to indicate software business is permitted only where audited or chartered accountant-certified accounts show a substantial portion of income from software. Use of terms like 'insurance' or 'risk corporation' requires consultation with the Reserve Bank of India and the Insurance Regulatory Authority. Purely generic names are not acceptable as standalone company names.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Undesirable company names: approval requires no phonetic/visual resemblance and sectoral regulator consultation.
Registrars of Companies must refuse names that are visually or phonetically similar to existing companies; names beginning with lowercase letters are allowed if no resemblance exists. Change of name to indicate software business is permitted only where audited or chartered accountant-certified accounts show a substantial portion of income from software. Use of terms like "insurance" or "risk corporation" requires consultation with the Reserve Bank of India and the Insurance Regulatory Authority. Purely generic names are not acceptable as standalone company names.
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