Choose a Great Company Name
First step is to look for company name availability and you always start from a great name and there few key thing which should not be overlooked;
What’s the Big Deal with Company Name?
Company Name is first thing that people know about your business and always remember
“First Impression is the Last Impression”
And how you render your service or deliver your products its matters greatly. A good company name can position your business amazing well or it can also turn your company into ultimate failure. So, your company’s bright future requires a well thought out Great Name.
- Think about your Customers first
Always try to find a Company Name which is self explanatory to your Customers and can communicate about your product / service and confidence.
- Respond with emotional level
A business is great which can engage people with happiness as human’s ultimate to be happy just always wins.
- Long and confusing names are just not fit for your business
- Never use names that only you or your family & friends can understand
- Never use the word “Pvt. Ltd.” in the end of your Company Name unless your company is registered with SECP
Come up with the name which is creative, concise, reflect your core business, attract your potential customers, relate to to people.
Or Call Us to Help you with name and every step to get you started.
Once you have a great name for your business it’s time to check for name availability with SECP. In theory, it’s a simple process but making it work in real life can be little challenging because mostly it depends on the mindset of the on duty officer to approve certain names.
Prohibition of certain names
(1) Subject to section 10 of the Act, the following words and combinations thereof shall not be used in the name of a company in English or any of the languages depicting the same meaning
(i) Federal Government, Provincial Government, Name depicting association with any foreign government, Name suggesting association with any political personality, Commission, Authority, Register or Registered, Co-operative, Bureau, Division, Department, Undertaking, Municipal, Union, Republic, Nation, President, Governor, Prime Minister, Chief Minister, Minister, Cabinet, Senate, National Assembly, Parliament/ Parliamentary, Statute/ Statutory, Court/ Judiciary/ Judge, Administrator.
(ii) Names of International bodies and abbreviations thereof including, but not limited to, United Nations, South Asian Association for Regional Cooperation, Organization of Islamic Page 3 of 22 Conference, World Bank, International Finance Corporation, Asian Development Bank, Islamic Development Bank, International Monetary Fund, Red Cross, Red Crescent. Provided that the Commission may allow any of the above names under special circumstances on the request of any government or authority.
Subject to section 10 of the Act,
the following words and combinations thereof may only be used in the name of a company subject to the criteria mentioned in each case,
(i) Association or Foundation – In case of companies to be established on grant of license by the Commission under section 42 of the Act or which are licensed by the Directorate General of Trade Organizations under the Trade Organizations Act, 2013.
(ii) Fund – In case of a public sector company, a trade organization, a Non-Banking Finance Company to be established to undertake asset management services or private equity and venture capital fund management services subject to prior approval of the Commission or a company to be established on grant of license by the Commission under section 42 of the Act. (iii) Council – In case of a company to be established on grant of license by the Commission under section 42 of the Act. Moreover, this expression may also be allowed to Sports Association, Trade Organization or a Professional Body.
(iv) Chamber – In case of an entity which is to be established as a Trade Organization under Trade Organizations Act, 2013.
(v) Trust – In case of Non-Banking Finance Company to be established to undertake REIT management services or asset management services subject to prior approval by the Commission.
(vi) Society – In case of a company if proper justification is provided to the satisfaction of the registrar.
(vii)Assurance/Assurer/Insurance/Insurer/Re-Assurance/Re-Assurer/Re-Insurance/Re-Insurer – In case of companies to be established to undertake business of Insurance, Assurance, Reinsurance and Re-assurance subject to prior approval of the Commission.
(viii) Board – In case of a company desirous to engage in the business of Paper and/or Board or to public sector companies.
(ix) Bahria/Askari/Fauji/Fazaiya/Cadet/Armed Forces or Forces/Army/Navy/Air Force/Shaheen/Military/Defence – In case of companies to be established by the relevant agency.
(x) Bank/Banking/Banker – In case of companies to be established to undertake banking business subject to prior approval of State Bank of Pakistan or an investment bank subject to prior approval of the Commission.
(xi) Charter/Chartered – In case of companies having charter from the sovereign authority of the Federation or the Province.
(xii) Corporation – In case of companies where proper justification is submitted to the satisfaction of registrar.
(xiii) Exchange/Bourse – In case of Securities Exchange, Commodity Exchange, Mercantile Exchange and Exchange Company, subject to prior approval from the relevant authority.
(xiv) Familiar Trade Names or Brand Names – In case of a company where permission of familiar trade name or brand name user is provided or proper documentary evidence of ownership/ use of trade name or brand name is furnished by the applicant to the satisfaction of the registrar.
(xv) Famous/Distinct Personalities – In case of a company where proper justification is submitted to the satisfaction of registrar.
(xvi) Federation – In case of a company licensed under section 42 of the Act or trade bodies under Trade Organizations Act, 2013.
(xvii) Federal – In case of a company where it has a connection with or patronage of the Federal Government subject to prior approval of the Commission.
(xviii) Province/Provincial/Sindh/Punjab/Baluchistan/Khyber Pakhtunkhwa or KPK/FATA/Gilgit Baltistan or FANA/ Azad Jammu & Kashmir or AJK. In case of a company where it has a connection with or patronage of the concerned Government subject to prior approval of the Commission.
(xix) Group – In case of a company where this word implies several companies under single corporate ownership and applicants have to provide evidence of subsidiary/associate relationship with two or more companies.
(xx) Holding – In case of a company where it qualifies to be a holding company as defined in clause 37 of sub-section (1) of section 2 of the Act to the satisfaction of the registrar.
(xxi) Institute/Institution – In case of a company where it has submitted proper justification to the satisfaction of the registrar.
(xxii) Finance, Financial, Investment Finance, Investment Advisory, Leasing, Asset Management, Housing Finance, Modaraba, Venture Capital, Private Equity – In case of Non-Banking Finance Company, investment company, Modaraba company, brokerage house subject to prior approval by the Commission. In case of any public sector financial institution subject to prior approval by the Commission or State Bank of Pakistan, as the case may be.
(xxiii) Name of Company containing country name or nationality other than Pakistan – In case of the companies where appropriate justification is submitted to the satisfaction of the registrar. (xxiv) Name of Company containing names of two countries i.e., Pakistan/Pak and any other foreign country – In case of companies where documentary evidence is provided to the satisfaction of the registrar to support the fact that the company is a Joint Venture of two Governments or companies of two countries.
(xxv)New/Modern/The/Al/International/Company/Co./Inc./Firm/Partnership/LLP/LLC/Proprietor/ Enterprise/Mills/Factory – In case of a company where proper justification is submitted to the satisfaction of the registrar. However, these expressions will not be acceptable if used to make proposed company name distinctive from existing companies. (xxvi) State – In case of public sector companies.
(xxvii) University – In case of University Management Company for the management of University in terms of guidelines of Higher Education Commission.
(3) The name shall be considered undesirable,
if— (i) it includes the name of a registered trade mark or a trade mark which is subject of an application for registration, unless the consent of the owner or applicant for registration of the trade mark, as the case may be, has been obtained and produced by the promoters;
(ii) it includes any word or words which are offensive to any section of the people;
(iii) it is identical with or resemble or similar to name of Limited Liability Partnership registered under the Limited Liability Partnership Act, 2017; (iv) any other word which in the opinion of registrar is undesirable.
Online Company Name Search
To check if your decided company name isn not already taken or you need to check Company Name with SECP. Fortunately SECP has online Company Name Search option. And you can do this right now.
- Go to https://eservices.secp.gov.pk/eServices/NameSearch.jsp
2. Type your company name (Whatever name you want for your company)
3. If there is no company with your searched name and it also comply with above described SECP regulations. You are all set.
IMPORTANT: SECP requires you to at least propose 3 options for your company.