Check and Reserve Company Name on MCA
Reserve Unique Name (RUN) is a web service used for reserving a name for a new company or for changing its existing name. The web service helps you verify whether the name you’ve chosen for your company is unique.
Before the RUN web-form was introduced, all applications concerning company names were to be made in the Form INC-1. The names were to be accompanied with a minimum of 2 Director Identification Number and 1 Digital Signature. Today with the introduction of the RUN web-form, a company name can be reserved easily without the requirement of a digital signature.
Two Important Links to Check the Name:
Reserve Unique Name for your Start Up before its taken.
It Usually takes 1 to 2 working days (depends on MCA approval)
Filing of RUN form with MCA
Start Up Company or LLP
- Purchase the plan
- Upload documents on vault
- CA fills up the form
- Files RUN
Everything you need to know for choosing the Ideal Company Name!
Step By Step Guide to Check Company Name Availability
Rules for Company Name Selection
Incorporation is the formation of a new company (A legal entity that is effectively recognized as a person under the law). The company can be a business, a startup, a micro small, or medium scale business. MCA regulates the affairs of the companies registered in India through the Companies Act, 1956, 2013, and other relevant bills and rules. The Ministry of Corporate Affairs has a regulatory framework set up that is to be considered while naming the company. If the name of the company does not fall under the rules set by MCA then the application may get rejected.
The Ministry of Corporate Affairs is governed by the finance minister of the Government of India. The Ministry of corporate affairs is mainly responsible for the regulation of the Indian enterprises that are operating in the industrial and service sectors.
Guidelines for choosing your Company
Guidelines for choosing your Company
The Registrar of the Companies (ROC) across Indian expects the applicant to follow certain criteria while naming a Company. The approval is also subject to the officer handling the application. The more closely the rules that are listed are followed the better are th4e chances of getting the name of the Company approved.
Uniqueness: The name of the company is a unique component. A name once registered won't be allocated to another company. This name needs to be descriptive For example if the company is a finance company, the word "Finance" should be included in the name. This word describes the nature of the company. So if the company is in the Logistic or restaurant business they cannot have "Finance" in the name.
Avoid abbreviations: Abbreviations, adjectives and generic words will be rejected. The words banks, exchange, and the stock exchange should be approved by RBI.
Trademark: Proposed company name cannot infringe on a registered trademark or an application for registration of a trademark unless the consent of the registered trademark owner or trademark applicant is submitted along with the name approval application.
Patronage: Proposed company name cannot imply association or connection with or patronage of a national hero or any person held in high esteem or important personages who occupied or occupying important positions in Government. The proposed name cannot imply an association with the Indian or Foreign Government.
Block your domain name: An applicant must block the domain name to avoid duplication.
Regulatory approval: The name of the company which has words like insurance, bank, stock, exchange, venture capital, asset management, mutual fund, etc may require regulatory approvals from RBI, SEBI, IRDAI, etc.
Choosing Company Name in India
Here are a few tips to help you get started:
1. Do your research. Before you even start brainstorming new names, it's important to do your research. Consider your company's mission and values, and what you want your name to represent. You should also research any potential legal issues, such as trademark infringement.
2. Brainstorm with your team. Once you've done your research, it's time to start brainstorming possible names with your team. This is a great opportunity to get everyone's input and creativity flowing.
3. Keep it simple. A company name should be easy to pronounce and spell, so that potential customers can easily find you. Avoid using industry jargon or inside jokes that only your team will understand.
4. Consider your target market. When choosing a new company name, it's important to consider your target market. For example, a name that is funny in English may not translate well in other languages.
5. Test it out. Once you've narrowed down your list of possible names, test them out with potential customers or clients. See how they react and what associations they make with the name.
Choosing a new company name is a big decision, but with a little research and creativity, you can find the perfect name for your business.
Company Master Data on Ministry of Corporate Affairs
MCA is a powerful tool for managing company master data. It allows you to maintain a complete and accurate record of your company's data in one place. This can be extremely helpful when it comes time to file taxes or report company financials. MCA can also help you keep track of important deadlines and requirements.
The Ministry of Corporate Affairs (MCA) is the nodal agency of the Government of India for administering the Companies Act, 2013, other than those relating to banking, insurance and stock exchanges. The MCA is also responsible for the registration and regulation of companies in India. The MCA website provides a range of online services for companies, directors and other stakeholders. These services include filing of annual returns, filing of financial statements and payment of fees.
The MCA also maintains a database of all companies registered in India. This database is known as the company master data. The company master data includes the name and registered address of the company, the date of incorporation, the type of company, the list of directors and other important particulars. The company master data is a valuable resource for businesses, investors and other stakeholders. It provides crucial information about companies registered in India. The data is also used by the Government to track the compliance of companies with the provisions of the Companies Act. The company master data is available on the MCA website. The data is updated on a regular basis.
Suggestions for New Name for Company
If you're looking for a great company name, there are a few things you should keep in mind. First, make sure the name is easy to pronounce and spell. You don't want your customers struggling to remember or find your business. Second, try to choose a name that conveys what your company does or represents. This can help customers quickly understand what you do and why they should do business with you. Finally, don't be afraid to be creative! Brainstorm with your team and come up with a few unique options.
Still stuck? Here are a few tips to get you started:
- Use a word play: consider using puns or word games in your company name. This can be a great way to make your business stand out and be memorable.
- Use your location: if your business is based in a specific town, city, or region, consider incorporating that into your name. This can make it easy for customers to know where you're located and what you're all about.
- Use your initials: if you can't seem to find the perfect name, try using your initials. This can be a great way to create a unique and simple name for your business.
Whatever you do, make sure you put some thought into your company name. It's the first thing customers will see and it's a great opportunity to make a good impression. So go ahead and brainstorm a few ideas - you might just come up with the perfect name for your business!
Register of Indian Companies
In India, a company is an entity that is registered under the Companies Act of 2013. It is a legal entity which has a separate identity from its shareholders, directors, and members. It is also important to note that a company is a "person" under the Indian Constitution. The main purpose of registering a company is to obtain a legal status and to obtain limited liability for its shareholders. A company can also be registered for other purposes, such as to raise capital, to conduct business, or to engage in any other lawful activity.
The Companies Act of 2013 contains several provisions for the registration of companies in India. One of the most important provisions is the requirement that a company must have a minimum of seven shareholders. Another important provision is the requirement that the directors of a company must be natural persons and must be residents of India. The Act also contains provisions for the registration of foreign companies in India. A foreign company is any company that is not incorporated in India. The process of registration of a company in India is a lengthy and complicated process. It involves the filing of various forms and documents with the Registrar of Companies (ROC).
The first step in the registration process is the filing of the Memorandum of Association (MOA) and the Articles of Association (AOA). The MOA is a document that contains the name, address, and objectives of the company. The AOA is a document that contains the rules and regulations governing the internal affairs of the company. The next step is the filing of the application for the registration of the company with the ROC. The application must be accompanied by the required fees and documents.
Do’s and Dont’s while registering a Company
Do’s and Dont’s while registering a Company
- A word that describes the company should be mentioned.
- The name needs to be unique to avoid duplication or offense
- In the case of the Private Limited Company, the name should have the abbreviation at the end.
- The name should not be offensive
- The plural version of any existing name is not applicable
- Separating and joining the different names can be considered
- The use of different tenses or numbers will not be counted as another name.
All About Reservation of Name Form on MCA
Purpose of the RUN e-form
Any applicant seeking reservation of a proposed company or seeking to change an existing company should apply for reservation through the RUN service. This application will then be processed by the Central Registration Centre (CRC). The proposed name applied should not be undesirable as per the relevant provisions of the Act and the rules mentioned in it.
Names that can be reserved under the RUN
The following table gives the details regarding the types of companies names that can be reserved along with their respective suffixes:
|Private Limited Companies||Limited/ Company|
|2.||Section 8 companies||Private Limited|
|3.||IFSC Company||IFSC Limited /IFSC Private Limited|
|4.||Unlimited Company||Unlimited Company|
|5.||Nidhi Company||Nidhi Limited|
|6.||Producer Company||Producer Company Limited|
|7.||One Person Company||(OPC) Private Limited|
The validity of the reserved Company names
The Central Registration Centre (CRC) may on the basis of information and documents provided, reserve the name for a period of:
- 20 days from the date of approval if in case the name is being reserved for a new company.
- 60 days from the date of approval if in case of it includes a change in the name of an existing company.
Important rules regarding the Proposed names
According to the laws governing the RUN form, there are certain regulations pertaining to the reservation of the names. Some of these rules are as follows:
- The name stated should not be identical to the name of any existing company registered under the Companies Act
- The name chosen should not constitute an offence under any law and should not be undesirable in the opinion of the Central Government.
- The company name should not have any word or expression which is likely to give the impression that the company is in any way connected to the Government central or state or any any other local authority when it is actually not unless the approval from the respective government authority has been attained.
If you’d like to know more about the rule pertaining to the proposed names.
Requirements to reserve a unique name via RUN
Here is a complete list of things required for RUN:
- An MCA account.
- Corporate Identification Number (CIN)
- The proposed name
- Relevant document required with the proposed name
Process for using RUN
- It is necessary to have an MCA account before you access this service. Once you’re logged into the MCA account, you can enter the name you wish to use and check against the MCA database of company and LLP names for its availability.
- If an existing company wishes to change its name a Corporate Identification Number (CIN) will be required for the RUN e-form.
- The applicant must enter the name in the form, he wants to reserve for the incorporation of a new company or change the name of the existing company.
- The user is then supposed to enter the objects of the proposed company and any other relevant comments or documents supporting the proposed name.
Process Post Submission
Upon successful submission of the proposed name in the RUN form, an SRN will be generated. Make sure that you save the SRN details as it will be required for future correspondence with the MCA.
A Challan will be generated upon successful submission of the proposed name and payment of the prescribed fees. This document will serve as a proof of payment by the user to the MCA.
Whether a proposed name is approved or rejected an email conveying the same will be generated. This serves as an acknowledgement of the approval or rejection of the name by the MCA to the applicant.
Approval / Rejection Letter:
In addition to the email, when a proposed name is approved or rejected by the concerned authority an acknowledgement of the approval or rejection along with the related documents, if any, is sent to the email id of the applicant.
Resubmission of the e-form:
It is important to note that the name applied for will either be approved or rejected. No resubmissions are allowed, the applicant cannot edit the forms once submitted. For any change pertaining to the company name or reservation of a new name, a new fresh application will have to be accompanied made with the payment of Rs.1000 as fees.