If one wishes to start his/her own business and wants to build it up as a Business Legal Entity will have to register their Company in order to get more validity. When it comes to Company Registration, deciding a suitable Name for the Company is important, this might seem confusing at times. This Blog will help you to get to know about the importance of a Company Name.
Every Company needs to have a Specific Name which differs from other Company Names. In accordance with the New Companies Act No. 07 of 2007, giving approval for a Specified Company Name is a duty of the Department of Registrar of Companies.
Private Limited Company shall end in the words “(Private) Limited” or by the abbreviation “(Pvt) Ltd”
Public Notice is another important thing with regard to Company Name. With the Incorporation of a new Company, the name should be published in Sinhala, English and Tamil Newspapers and Government Gazette. It should be done within 30 working days in the event of incorporation of the Company. Company Name, Registration Number and Company Registered Address are the requirements of this publication.
Company Name can be used in various ways, for instance: in
When the Company needs to Change their Name, they have to pass a special resolution. Then within ten working days of passing this resolution, the Notice of Change with the Form 3 (along with the consent letter of the subject clerk who is handling the Company file at ROC) should be submitted to the Department of Registrar of Companies. You can then have a fresh Certificate of Incorporation which indicates the New Name of the Company.
When deciding a Company Name, You have to face some restrictions provided by the Companies Act No. 07 of 2007