Can I use the word “holding” in my company name?
The word “holding” can be used in your company name, however it is referred to as a restricted name under S. 30 (2) of the Companies and Allied Matters Act, thus its use is subject to the permission of the Registrar General of the Corporate Affairs Commission (CAC). Registration process of a holding company is similar to that of a limited liability company, however, take note of the following conditions;
- A holding company must have at least one subsidiary.
- The holding company must have a majority share in the subsidiary
- Private Limited Companies (LTD) are the only acceptable subsidiaries.
- Business names are not acceptable subsidiary companies.
- Requires special consent from the Registrar General to use the word “holding”
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Team 618 Bees
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