Artificial intelligence system likely to ease name registration process for companies

NEW DELHI: The Ministry of Corporate Affairs (MCA) is working on an artificial intelligence-based mechanism to ease the process for companies seeking to register their names, an official said. The government recently liberalised norms for registration, allowing entities to choose names that may form part of an existing trademark as long as the businesses operate in different sectors. The new rules were notified in the gazette on May 11. "Earlier, if the name was a part of a trademark, it could be stopped," said the official. "We have made it clear that (this applies) only if the name includes a trademark registered in the same class of goods." The aim is to reduce the level of discretion in deciding on the names that can be accepted, he said.