One Person Company
NAME OF THE COMPANY
The promoter of a company
may be an individual entrepreneur or a group of them or a body corporate or
bodies corporate engaged in efforts to bring into being a company. They have the power of defining the object of
the company and deciding various matters for the internal regulation of the
company proposed to be incorporated. The
various steps which a promoter will have to take for the formation of a company
are explained below One Person Company Registration:
Basically a company cannot
register itself by a name which, in the opinion of the Central Government,
already been registered and is in existence.
Further a company cannot select a name which is identical with or too
closely or nearly resembles the name of an existing company in the country
generally or which is identical with or too nearly resembles a registered trade
mark or trade mark which is subject of an application for registration of any
person under the Trade Marks Act, 1999 . The Central Government,
before deeming a name sun desirable One Person Company Registration.
It will be recognized that close
similarity in name will not only mislead and clause confusion to the public but
will also cause injury to the business of any of the companies concerned. (Ewing V. Butter cup Margarine co.ltd (1917)2ch.1)
For the guidance of the promoters and other, the Central Government has formulated
detailed guidelines laying down the principles that will be taken into account
for deciding availability of names.
These guidelines may be seen in Appendix 6/99 dated f13-5-1999, the text
of which is quoted separately in this chapter Private Limited One Person Company
Registration.