Formation of Company in India requires a company name approval. The applicant files the Form No. INC-1 with the Registrar of Companies (ROC) online through the digital signature of one of the proposed directors. The application requires the following information from the applicant: • The types of business entity, which is proposed for the formation • Two alternative names for the proposed company, along with the justification for the same, where the naming convention must follow the rules and guidelines as prescribed by the Ministry of Corporate Affairs (MCA) • Key objectives of the proposed company • The authorized capital of the proposed company • Names of other group companies After receiving the application, MCA scrutinizes the application and checks if the proposed name is unique and does not match with the names of any existing companies. After thorough checking, it either accepts or rejects the application. MCA sends the approval or objection to the name to the applicant within a week through email.