e)
Proposed Name is found Descriptive i.e. it contains commonly used words (proper pre- fix
or suffix not used in name)
f)
No significance about Abbreviations used in proposed name
g)
Proposed Name indicates words Finance/Investment/Capital/ Holding/ Insurance etc
whereas the proposed objects of the Company do not indicate suchactivities.
h)
Objects mentioned in the form are vague and the TM cannot be ascertained. (E.g.
manufacturing / development / producing of all type of goods etc.)
i)
Name contain words viz Board, National, Commission etc as given in Rule 8B of the
Companies (Incorporation) Rules, 2014 for which previous approval of the Central
Government is required.
j)
Application made with Restricted and Undesirable names (Systemmay not allow filing of
such applications)
k)
Proposed name if resembles closely the popular or abbreviated description of an existing
company or limited liability as per rule 8A(1)(h) of Companies (Incorporation) Fifth
Amendment Rules, 2019.
l)
Previous approval of the Central Government has not been obtained and attached with
application Where any word or expression which is likely to give the impression that the
company is in any way connected with, or having the patronage of, the Government, or
any local authority, corporation or body constituted by the anyGovernment.
m)
If the proposed name contains the name a foreign country/city/town etc. then applicant
has to attach any proof of significance of business relations with such foreign country like
MOU with a company of such country. In case proposed name includes name of India and
a foreign country (eg. India Japan or Japan India) in such cases name shall be allowed if,
there is Government to government participation or patronage and no company shall be
incorporated using the name of enemy country. (pl refer Rule 8A(1)(t).
Note: The Stakeholders are requested to take utmost care in complying with the above
instructions as Name Reservation applications may be put into re-submissions or
rejections on the above grounds.
15.
What is the procedure after filling the SPICe+?
Once the SPICe+ is filled completely with all relevant details, the same would thenhave
to be converted into pdf format, with just a click of the mouse button, for affixing DSCs.
Thereafter all digitally signedapplications can be uploaded along with the linked forms
as per the hitherto process.
16.
What precautions required/points to checked before uploading/submitting SPICe+
form?
1) The version of the PDF should be latest/new one.
2) Form is digitally signed by the director as well as the Professional.
3) Digital signatures are validated.
4) That the directors are not disqualifiedunderany provision of the Companies Act, 2013.
5) Size of the documents attached are within the prescribed limit.
6) Documents attached are legibleand
7) Signature are not copy pasted in any of the documentattached.
17.
In case the proposed name indicates different words like Finance/Leasing/Chit
fund/Investment/Securities orcombination thereof whereas the proposed objects of
the Company do not indicate such activities, what would happen in thiscase?
The proposed name will be considered as undesirable if it is not in consonance with the
principal objects of the company as set out in the MOA.