# Name Clause & Reservation of Name
## Statutory Source
Section 4(1)(a) read with sub-sections (2) to (5) of the Companies Act, 2013
## 1. Name 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
## 2. Restricted Words Requiring Regulatory Compliance
If the proposed name includes words such as:
- Insurance, Bank, Stock Exchange, Venture Capital, Asset Management, Nidhi, Mutual Fund
...the applicant must submit a declaration that the respective regulator's (IRDA, RBI, SEBI, MCA) requirements have been complied with.
## 3. Reservation of Name — Two Routes
### (a) For a Proposed (New) Company [Sub-section 4]
| Element | Particulars |
|---|---|
| Form | SPICe+ (INC-32) — Simplified Proforma for Incorporating Company Electronically Plus |
| Filed with | Registrar of Companies (ROC) |
| Fee | As per Companies (Registration Offices and Fees) Rules, 2014 |
| Resubmission for defect | Allowed within 15 days |
### (b) For Changing Name of Existing Company [Sub-section 4]
| Element | Particulars |
|---|---|
| Web service | RUN (Reserve Unique Name) |
| Filed with | Registrar of Companies |
| Fee | As per Companies (Registration Offices and Fees) Rules, 2014 |
| Resubmission for defect | Allowed within 15 days |
## 4. Memory Hook
- New company → SPICe+ (INC-32)
- Existing company name change → RUN
- Both allow 15 days for resubmission to rectify defects.