TMI BlogGuidelines on avoiding undesirable name for companies in terms of section 20X X X X Extracts X X X X X X X X Extracts X X X X ..... is Department has issued exhaustive guidelines on avoiding undesirable names for companies as mentioned in section 20 of the Companies Act, 1956 through Circular No. 10(19)-RS/61 dated 5th May, 1962. Further guidelines were also issued through Circular No. 2/90 (No. 1/1/90-CL-V27/1 /89-CL-III) dated 5th January, 1990. 2. In recent times, the Department had received a few references which neede ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ames are being increasingly used by many companies in other countries. It should, however, be ensured that the names starting with small alphabets does not have phonetic or visual resemblance to the name of a company in existence. 4. Change of name by companies 4.1 In recent times it appears that quite a few companies whose principal object was not computer software and who had actually be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n Guideline No. 21 you have been advised not to allow the word 'bank', 'banking', 'investment', 'insurance', and 'trust' unless circumstances justify it. As you may be aware, the insurance sector is likely to be opened for entry by private sector. The activities of the insurance sector would be regulated by the insurance Regulatory Authority which has already been set up. 5.2 In view of this, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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