William Shakespeare advised against fighting over names, but the suggestion is infructuous when companies are incorporated.
To avoid disputes, the Ministry of Corporate Affairs (MCA) has come up with illustrations of names which may or may not be incorporated if there are similar names of existing companies.
Say, if there is a company named Green Technology Ltd, you cannot incorporate another firm with a modified name such as Greens Technology Ltd or Green Technologies Ltd.
The rules were there — “Companies (Incorporation) Rules, 2014”. Now illustrations have been added to these rules by amending them. These will also expedite incorporating companies.
To further illustrate