“What’s in a name?
that which we call a rose by any other name would smell as
sweet”…. So said the Bard of Avon but the Babus
(Government Officials) at MCA think otherwise ! So do
entrepreneurs who want a unique name for their ventures – one
that is catchy, unique, professional and can be branded well.
While they spend hours to days zeroing in the ‘right name’ to
christen their ‘yet-to-be-born-babies’, they would do well to
be aware that the Government has prescribed detailed
guidelines regarding name availability for Companies and LLPs.
The onus is now on certifying professionals to justify to the
ROC why the name must be allowed. Not only that, on the
pretext of automatic approvals, professionals are called upon
to do the Babu’s job of scrutiny and clearance, sans
their salaries !!!.

This issue of Lexspeak carries the
MCA circular about name availability as well as select Master
Circulars issued by RBI on several matters that serve as a
one-point reference document. There is enough content in this
issue to read and understand until we are back with the next
issue by month end.

To read the earlier issues and
articles Click Here

Sincerely
Lex Valorem
Team