Title registration
Srinivas Jerripothula
(Querist) 17 April 2013
This query is : Resolved
Hi All,
My name is J. Srinivas. I have one doubt regarding the company name. One of my friend has register company name in ROC, which is 80% similar to another famous company. And the nature of business is also same. So the ROC has registered the company name, now i have doubt that after starting the business is there anything chances of other company sues my friend company.
Once ROC has registered the name of the company, there will not have any right of the other company to sue my friend company.
Kindly suggest
J. Srinivas
ajay sethi
(Expert) 17 April 2013
if name of other company is similar having same nature of business and can deceive others to believe that both companies are same then other company cna take legal proceedings .
ajay sethi
(Expert) 17 April 2013
22. Rectification of name of company.—
1[(1) If, through inadvertence or otherwise, a company on its first registration or on its registration by a new name, is registered by a name which,—
(i) in the opinion of the Central Government, is identical with, or too nearly resembles, the name by which a company in existence has been previously registered, whether under this Act or any previous companies law, the first-mentioned company, or
(ii) on an application by a registered proprietor of a trade mark, is in the opinion of the Central Government identical with, or too nearly resembles, a registered trade mark of such proprietor under the Trade Marks Act, 1999, such company,—]
(a) may, by ordinary resolution and with the previous approval of the Central Government signified in writing, change its name or new name; and
(b) shall, if the Central Government so directs within twelve months of its first registration or registration by its new name, as the case may be, or within twelve months of the commencement of this Act, whichever is later, by ordinary resolution and with the previous approval of the Central Government signified in writing change its name or new name within a period of three months from the date of the direction or such longer period as the Central Government may think fit to allow:
2[Provided that no application under clause (ii) made by a registered proprietor of a trade mark after five years of coming to notice of registration of the company shall be considered by the Central Government.]
(2) If a company makes default in complying with any direction given under clause (b) of sub-section (1), the company, and every officer who is in default, shall be punishable with fine which may extend to 3[one thousand rupees] for every day during which the default continues.
