FAQs On RUN(Reserve Unique Name)

FAQs OnRUN(Reserve Unique Name) What are the features ofRUN(Reserve Unique Name) web service It is a simple and easy to use web service for

CA Deepak Gupta

Mar 12, 2018

Last update on Mar 12, 2018

FAQs OnRUN(Reserve Unique Name)

What are the features ofRUN(Reserve Unique Name) web service

It is a simple and easy to use web service for reserving a name for a new company or for change of name for any existing company.

What is the first step for availing the service

This is a post-login service and existing users would need to login into their account using their credentials. New users are required to create a login account first before using the service. After login, they may click on the iconRUN(Reserve Unique Name)under the head MCA Services. Once they click on the icon, the following web page will appear:

What is Entity Type

Entity Type represents the Type/Class/Category of the proposed company in case name is being reserved for incorporating a new company. It has the following options along with the suffixes which shall be allowed based on the type of entity selected:

What is CIN and when does it have to be entered

CIN is Corporate Identification Number and it has to be entered only when an existing company wishes to change its name and is usingRUNto reserve a new name.

What is to be entered in the space Proposed name

User has to enter the name he wants to reserve, for incorporation of a new company or for changing the name of an existing company. Users are requested to ensure that the proposed name selected does not contain any word which is prohibited under Section 4(2) & (3) of the Companies Act, 2013 read with Rule 8 of the Companies (Incorporation) Rules, 2014. Users are also requested to read and understand Rule 8 of the Companies (Incorporation) Rules, 2014 in respect of any proposed name before applying for the same.

For Name Search:http://www.mca.gov.in/mcafoportal/showCheckCompanyName.do

Stakeholders are requested to also check the Trademark search to ensure that the proposed name is not in violation of provisions of Section 4(2) of the Companies Act, 2013, failing which it is liable to be rejected. For Trade Mark Search:http://www.ipindia.nic.in/index.htm

For how many days is a reserved name valid

An approved name is valid for a period of (i) 20 days from the date of approval (in case name is being reserved for a new company) or (ii) 60 days from the date of approval (in case of change of name of an existing company)

What is required to be entered in the space comments

User is advised to enter the objects of the proposed company and any other relevant comments in support of the proposed name.

Is it mandatory to attach documents while reserving name

No. It is mandatory to attach relevant documents and No Objection Certificates(NOCs)onlywhen a name which requires the approval of a Sectoral Regulator or NoC etc. if applicable, as per the Companies(Incorporation) Rules, 2014, is being applied for. Please note that only one file is allowed to be uploaded as an attachment and the size of the file should not exceed 6MB. In case of multiple attachments, please scan all documents into a single file not exceeding 6MB in size, and then upload the same.

What is the Fee payable

Rs.1000 for each submission.

What is the next step after Submit

Upon successful submission of the proposed name and the payment, challan will be generated depicting the details of the fees paid by the user.

Is Resubmission(RSUB) allowed

No. Users may please note that the name applied for will either be approved or rejected and no resubmission is allowed. A fresh payment of Rs.1000 has to be made for every application submitted using the RUN service.

How are the names applied through the service are processed

Name applications will be processed by Central Registration Centre(CRC) under Non-STP mode. The name applied for will be subjected to a comprehensive check by the Central Registration(CRC) and thereafter approval or rejection, as the case may be, shall be communicated by e-mail to the applicant.

What precautions are required to be taken to avoid rejection of names applied for

To avoid rejection of the name applied for, users are advised to be familiar with the Companies (Incorporation) Rules 2014, as amended, and conduct their own Name and Trade Mark search, the links for which are available separately on the portal, prior to submission of applications.

Is any communication sent to the user upon approval/rejection of the names applied for

Yes. When a proposed name is approved/ rejected, an email communication containing confirmation of approval/rejection (as the case may be) with related documents, if any, is sent to the email id of the applicant. Name approval/ rejection letter upon approval/ rejection of the eForm is system generated and shall be digitally signed by the Registrar and sent to the email id of the applicant. Rejection letter is generated on the basis of rejection codes defined by the Ministry.

Can a user who has an approved name using the service, permit other users/applicants to use the name

No. The same user login ID which was used for reserving the name has to be used for submitting and uploading SPICe,INC-12 and INC-24 forms.

About Author

CA Deepak Gupta

Co Founder

CA Deepak Gupta,is Co-founder of Studycafe. He is Microsoft Office Specialist and Corporate Trainer of AI Tools, Microsoft Excel. He is Finance Influencer having more than 250K followers on Social Media. CA Deepak Gupta, is Having more than 14 plus years of experience, and he has Worked with best brands Like, Hero, Wipro, Ericsson before Starting Studycafe. He has Trained more than 20000 Persons in Microsoft Excel, PowerPoint, Power BI, Google Sheet, Google Forms and Other Tools.