# Name Clause - Reservation of Name [Section 4(1)(a) read with Sub-sections 2 to 5]
## Basic Naming Requirement
The name of the company must end with:
- "Limited" — in case of a public limited company
- "Private Limited" — in case of a private limited company
## Restricted Words
If the proposed name includes words such as 'Insurance', 'Bank', 'Stock Exchange', 'Venture Capital', 'Asset Management', 'Nidhi', 'Mutual Fund', etc., the name will not be approved unless a declaration is submitted by the applicant that the requirements mandated by the respective regulator (IRDA, RBI, SEBI, MCA, etc.) have been complied with.
## Application for Reserving Name [Sub-section 4]
### For Proposed (New) Company
- File in SPICe+ (INC-32) — Simplified Proforma for Incorporating Company Electronically Plus
- Accompanied by prescribed fee under Companies (Registration Offices and Fees) Rules, 2014
- Submitted to the Registrar of Companies
- Resubmission allowed within 15 days for rectification of defect
### For Change of Name of Existing Company
- File using web service RUN (Reserve Unique Name)
- Accompanied by prescribed fee
- Resubmission allowed within 15 days for rectification of defect
## Quick Comparison Table
| Purpose | Form Used |
|---|---|
| Reserve name for new company (incorporation) | SPICe+ (INC-32) |
| Reserve name for change of existing company's name | RUN (Reserve Unique Name) |
| Resubmission period | 15 days |