The company's name is the first identity that reaches out to your customers. Therefore, picking the best name for company registration becomes extremely crucial.
Most important qualities of a good company name :
Note : Company name can be the same or different from brand name.
For example : Naukri.com is owned by InfoEdge pvt ltd.
Firstly, it is tough to succeed as a small business in this competitive market. Moreover, it is hard to make people remember and recognise you most of the time.
Choosing a name involves technical factors and legalities, which can bring unwanted conflicts if avoided.
Thus, here is the step-by-step process to guide you in choosing the best name for company registration and reserving it for your business: -
The four most effective ways to find the best name for company registrations are:
The naming process should start with an interesting and creative step. For this purpose, sit down alone or with some creative people..
Before selecting the perfect name for your business, you need to come up with some idiotic names as well.
Who knows, the name you thought stupid takes your business to unexplored heights.
Therefore, list down all the names that come in the talk.
Here is where you require your analytical skills. Shortlist the best names for company registration from the long list.
Trust your instincts and taste for shortlisting.
Strike out the word you hate and find it similar to an existing one or anything that is not clicking right.
Now analyze the results.
Check the names on the following factors: -
Now, after doing this filtration, you may have been left with 3-5 names or maybe 2 or even 1 at least.
So, you did a whole lot of effort to come up with these names. Thus, follow the next steps to protect the name and reserve it for your business.
As we have covered the creative part, let us come to the legal aspects.
Before applying for company registration online, submit an application for a name reservation.
In the name reservation application, you can propose to reserve a maximum of 2 names.
Fill out the form on the right to reserve your company name.
The government fee for a name reservation application is Rs.1000/-.
Generally, you will receive name approval within 48 hours.
After that, the name you have reserved is valid for 20 days.
Besides, to get approval from the MCA (Ministry of Corporate Affairs), the name has to be unique and descriptive.
Therefore, if you want that name for your business, apply for company registration online within that time period.
In case of any delays in registration, you can file for a validity extension application.
The fee for that is as follows:
However, all the registered company names must carry the suffix "Pvt Ltd" along with it.
For example, if there is a company registered as "Cake Bake Pvt Ltd", you cannot apply for "Cakes Bakes Pvt Ltd".
For example, the company name "Cake Bake Pvt Ltd" cannot be made "cake BAKE Pvt Ltd" or "cake bake Pvt Ltd".
For example, the company "Cake Bake Pvt Ltd" cannot be "CakeBake Pvt Ltd" or "Cakebake Pvt Ltd".
For example, "Cake Bake Pvt Ltd" will not be approved as " Cake Bake 2 Pvt Ltd" or Cake Bake 1.0 Pvt Ltd".
For example, "Cake Bake Pvt Ltd" will not work as " KAKE BAKE Pvt Ltd".
Apart from these, here are some DON'Ts to pick the best name for company registration: