In this Editorial the author the shall discuss the Provisions of Approval of Name through RUN - 'Reserve Unique Name'. Quick Question on RUN. Practically process of filing of RUN.
Reservation Unique Name 'RUN':
MCA issued Companies (Incorporation) Amendment, Rules, 2018 vide notification dated 20.01.2018 these rules are effective from 26th January, 2018. By these amendment Rules MCA has substituted Rule 9 of Companies (Incorporation) Rules, 2014.
From 26th January, 2018 MCA started new services named Reserve Unique Name (RUN) for reserve name of New or Existing Company.
STEP - I: Login on MCA Website
Users have to login into their account on MCA Website. Pro-existing users can use earlier account or new users have to create a new account.
After Login use have to click on the icon 'RUN' in MCA Service.
'Reservation of Name: An application for reservation of name shall be made through the web service available at ww.mca.gov.in
STEP - II: Details required to be mentioned:
I. Entity type (i.e. Part I, OPC, Section 8 etc.)
(Below table taken from MCA link: http://www.mca.gov.in/MinistryV2/runServicerFAQ.html)
II. CIN (Corporate Identification Number and it has to be entered only when an existing company wishes to change its name and is using RUN to reserve a new name)
III. Proposed name (Auto Check Facility()
IV. Comment (Mention Objects of the proposed Company and any other relevant information Like Trade Mark etc.)
V. Choose File (Any attachment)
STEP - III: Submission of Form on MCA Website:
After completion of above steps user shall submit the Form with MCA website.
STEP - IV: Payment of Fees:
There is no option of pay later challan in RUN. Applicant have to pay fees immediately after submission of form. After payment challan shall be generated.
Quick Question - RUN
A. Whether DIN or DSC required for filing of Run form?
DSC & DIN not required for filing of RUN form for reservation of Name. Only account of MCA portal is mandatory.
B. How many resubmission options are allowed in RUN?
No Resubmission of application is allowed in case of reservation of Name. The application either Approve or Reject
C. What shall be the validity of the Name after approval?
i. Reserved name shall be valid for 20 days in case of allotment of name for New Company.
ii. Reserved name shall be valid for 60 days in case of allotment of name for existing Company (Change of Name).
D. How many name can be apply through this form?
Only one Name can be mentioned in RUN form. Earlier INC-1 allowed 6 names according to the preference.
E. What shall be the government fees for RUN?
As per Register office Fees Rules, Fees shall be Rs. 1,000/-
F. Is it mandatory to attach documents while reserving name?
No. It is mandatory to attach relevant documents and No Objection Certificates(NOCs) only when 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.
G. Whether there is any requirement to mention details of Directors in the RUN?
No, there is no need to mention the name or number of proposed Directors in RUN.
Tags Corporate Law