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CS Executive · Setting Up of Business, Industrial and Labour Laws · Identifying Laws applicable to various Industries and their Initial Compliances

Aarav and Meera plan to incorporate 'Kaveri Agro Pvt Ltd' in Karnataka. Before filing the incorporation application with the Registrar, which step must they complete first to propose the company's name?

The promoters should first apply for name availability and reservation through the MCA name reservation service. The Registrar approves a name only if it is not identical or too similar to an existing company or trademark. Board meetings and auditor appointment happen after incorporation.

  1. AObtain a certificate of commencement of business
  2. BApply for name availability and reservation through the MCA name reservation serviceCorrect
  3. CHold the first Board meeting
  4. DAppoint the first statutory auditor

Explanation

A promoter must first propose a name through the MCA name reservation service, and the Registrar approves it if it is not identical or too similar to an existing name or a trademark. A commencement certificate is not obtained before incorporation, and the Board meeting and auditor appointment come only after the company exists.

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