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March 2014

USC of word ‘National’ in the names of Companies or Limited Liability Partnerships (LLPs).

By Sejal Vasa Company Secretary
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The Ministry of Corporate Affairs has vide Circular No. 2/2014 dated 11th February, 2014 intimated that no company should be allowed to be registered with the word ‘National’ as part of its title unless it is a government company and the Central/State government(s) has a stake in it. This should be stringently enforced by all Registrar of Companies (ROCs) while registering companies. Similarly, the word, Bank may be allowed in the name of an entity only when such entity produces a ‘No Objection Certificate’ from the RBI in this regard. By the same analogy the word “Stock Exchange” or “Exchange” should be allowed in name of a company only where ‘No Objection Certificate’ from SEBI in this regard is produced by the promoters.

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