Tuesday, February 18, 2014

MCA circular

Circular No 2/2014,  Dated the 11thFebruary, 2014
Sub : Use of word ‘National’ in the names of Companies or Limited Liability Partnerships (LLPs)
It has come to the knowledge of this Ministry that Companies / Limited Liability Partnerships are beingregistered with the word ‘National’ in their names. It is being intimated thatno company should be allowed to beregistered 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 promoter

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