By the end of this sub unit, you should be able to:
1. Describe the requirements and procedure to reserve a company’s name.
2. Apply and reserve the name of the company for incorporation.
When a group of people come together to start a business, they would choose a name for their company. However, not all names chosen by a company can be registered or reserved, such as names using offensive words and those prohibited by the Act. There are requirements listed in the Companies Act, 1965 that need to be complied with. The knowledge provided in this sub unit will strengthen your advisory skills as a corporate administrator.