New Delhi, May 13 (KNN) The Ministry of Corporate Affairs (MCA) has elaborated the Companies (lncorporation) Rules, 2O14, for rule 8 which is for the names of the companies which resemble too nearly with name of existing company.

MCA said, “These rules may be called the Companies (Incorporation) Fifth Amendment Rules, 2O19.”

The Ministry has elaborated various illustrations under this rule while determining the name of the company and has divided the rule in 2 parts – Rule 8A and Rule 8B.

Rule 8A is for undesirable names and Rule 8B is for the word of expression which can be used only after obtaining previous approval of Central Government.

The amendment aims at better clarity while determining the name of the company.

Under the illustrations, emphasis has also been given on the plural or singular form of words in one or both names or type and case of letters, spacing between letters, punctuation marks and special characters used in one or both names etc.

Rule 8 A also specifies that the name shall be considered undesirable, if-it is prohibited under the provisions of section 3 of the Emblems and Names (Prevention and Improper Use) Act, l95O (12 of 1950), unless a previous permission has been obtained under that Act; or it includes any word or words which are offensive to any section of the people.

The details of the illustrations can be found at: http://www.mca.gov.in/Ministry/pdf/CompaniesIncorporationFifthAmendmentRules_12052019.pdf