{"id":23340,"date":"2021-01-03T10:00:13","date_gmt":"2021-01-03T04:30:13","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=23340"},"modified":"2021-01-02T17:12:05","modified_gmt":"2021-01-02T11:42:05","slug":"learn-the-process-for-the-reservation-of-company-name","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/learn-the-process-for-the-reservation-of-company-name\/","title":{"rendered":"Learn the Process for the Reservation of Company Name"},"content":{"rendered":"\n<p class=\"has-drop-cap\">In this blog, you will come to know about everything regarding Reservation of Company Name of your company. The process of incorporating a privately held entity has been changed after the amendment in the Companies Act, dated on 23.02.2020. Previously, a separate form has to be filed with the Ministry of Corporate Affairs to reserve a company name. But now, the process has been entirely changed by inculcating two modes.<\/p>\n\n\n\n<p>First is to file an independent online form on the official portal of the Ministry of Corporate Affairs. Another way is to opt for a name within the application of <a href=\"https:\/\/corpbiz.io\/company-registration\"><strong>registration of the private limited company<\/strong><\/a>. One has to steak around with the given parameters before making an application for a company name with MCA.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/learn-the-process-for-the-reservation-of-company-name\/#Reservation_of_Company_Name_after_Amendment\" >Reservation of Company Name after Amendment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/learn-the-process-for-the-reservation-of-company-name\/#Reservation_of_Company_Name_via_MCA_Portal_using_SPICe_form\" >Reservation of Company Name&nbsp;via MCA Portal using\nSPICe+ form<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/learn-the-process-for-the-reservation-of-company-name\/#Step_by_Step_Instructions_to_Reserve_a_Company_Name_via_Simplified_Proforma_for_Incorporating_Company_Electronically_Plus\" >Step by Step Instructions to Reserve a Company Name via Simplified\nProforma for Incorporating Company Electronically Plus<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/learn-the-process-for-the-reservation-of-company-name\/#Conclusion\" >Conclusion&nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reservation_of_Company_Name_after_Amendment\"><\/span>Reservation of Company Name after Amendment <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>One has to address several legal obligations while naming a company. <strong><em>Ministry of Corporate Affairs<\/em><\/strong><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Ministry_of_Corporate_Affairs\"><strong><em>[1]<\/em><\/strong><\/a><\/sup> will not authenticate any request which breaches the provision under the given law. The name of the company should comprise of three parts, such as:&nbsp;<\/p>\n\n\n\n<ul><li>First-a unique word<\/li><li>Second-any Suffix<\/li><li>Third \u2013 inclusion of Private or public limited<\/li><\/ul>\n\n\n\n<p>The section above makes it obvious that the company name must adhere to the uniqueness and should contain the term \u201cprivate limited\u201d at its end for recognition. Keep in mind that adherence to these requirements is mandatory as far as the legal viewpoint is concerned.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/how-to-avail-a-company-registration-certificate\/\">How to Avail a Company Registration Certificate?<\/a><\/mark><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Checking the Name Availability<\/h3>\n\n\n\n<p>After formulating the name successfully, the next step is to determine the availability of the name. The applicant needs to visit the online portal of the Ministry of Corporate Affairs and trademark to serve this purpose.&nbsp;Make sure that the name is not trademarked, or else the request will be rejected.&nbsp; <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reservation_of_Company_Name_via_MCA_Portal_using_SPICe_form\"><\/span>Reservation of Company Name&nbsp;via MCA Portal using\nSPICe+ form<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter is-resized\"><img decoding=\"async\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/01\/Reservation-of-Company-Name-via-MCA-Portal-using-SPICe-form.png\" alt=\"Reservation of Company Name via MCA Portal using SPICe+ form\" class=\"wp-image-23369\" width=\"553\" height=\"299\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/01\/Reservation-of-Company-Name-via-MCA-Portal-using-SPICe-form.png 985w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/01\/Reservation-of-Company-Name-via-MCA-Portal-using-SPICe-form-300x163.png 300w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2021\/01\/Reservation-of-Company-Name-via-MCA-Portal-using-SPICe-form-768x416.png 768w\" sizes=\"(max-width: 553px) 100vw, 553px\" \/><\/figure><\/div>\n\n\n\n<p>Following is a detailed explanation of the process for the\nreservation of company name. The process is parted into four major stages, so\nmake sure to follow it without skipping.&nbsp;<\/p>\n\n\n\n<ol><li>After amendment,\nthe applicant is supposed to file an application regarding the <strong>Reservation\nof Name&nbsp;with<\/strong> the Registrar of Company (ROC), via an MCA portal by\nusing SPICe+ form. <\/li><li>And, an\napplication regarding the <strong>Change of Name<\/strong>&nbsp;shall be made via an MCA\u2019s\nportal by using the services called <strong>RUN (Reserve Unique Name)<\/strong><\/li><li>An application\nregarding the Reservation\/ Change of Name supposed to be made along with fee\nworth Rs 1000 as mentioned under Companies (Registration Offices and Fees)\nRules, 2014,<\/li><li>Further, ROC,\nmight either reject or approve the application based on the information and\ndocuments provided by the applicant. A timeline for 15 days would be provided\nby the authority for the resubmission of the application after the detecting\nthe loopholes. <\/li><\/ol>\n\n\n\n<p>So, it is been\ncleared for the reservation of company name, you would be required to file the\nSPICe+ and submit it along with the requested documentation. While filing up\nthe SPICe+ you will come across new fields that were incorporated in the PART\nA. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Detail that needs to be Incorporated in the \u201cProposed\nname\u201d in Part A of Spice+<\/h3>\n\n\n\n<p>Under this\nsection, user is required to enter the proposed name, for incorporating a new\ncompany. While doing so, make sure to stay in line with the Section 4(2) &amp;\n(3) of the Companies Act, 2013 read with Rule 8 of the Companies\n(Incorporation) Rules, 2014.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Points to Ponder before making Application for Reservation\nof Company Name<\/h3>\n\n\n\n<p>Before making application, you would\nrequire to cross check the database for the name availability. To do so, simply\nvisit MCA\u2019s website and open the MCA services. Here you will find the option as\n\u201cCheck company name\u201d.&nbsp; Using the said\noption, you can identify whether company name is already incorporated or not. <\/p>\n\n\n\n<p>Conduct a trademark search for the\nsame. If a proposed name for which an applicant want a MCA\u2019s authorization is\nalready trademarked then he\/she would be required NOC from its owner. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_by_Step_Instructions_to_Reserve_a_Company_Name_via_Simplified_Proforma_for_Incorporating_Company_Electronically_Plus\"><\/span>Step by Step Instructions to Reserve a Company Name via Simplified\nProforma for Incorporating Company Electronically Plus<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol><li>Visit MCA\u2019s website and click Login located on the top-section of the page.<\/li><li>Enter your username and password to login or click Sign in if you do no hold an account.<\/li><li>From the top menu, visit \u201cMCA services\u201d and click SPICe+ option. <\/li><li>On the next page, click \u201cNew application\u201d and fill the given fields<ol><li>Type of the company<\/li><li>Class of company<\/li><li>Category of company<\/li><li>Sub-Category of company<\/li><li>Main division of industrial activity of the company<\/li><\/ol><\/li><li>Description of the main division.<\/li><li>Next, enter two names of your choice for the proposed company. <\/li><li>After clicking the Auto Check option at the bottom, the portal will conduct in-depth check with its database for&nbsp; the name availability <\/li><li>Once the portal completes the auto check process, it will display the result at the top of the page. <\/li><li>If you get the positive result, scroll down to the bottom and click \u2018Save\u2019. <\/li><li>Wait for the confirmation messages, and then click the Submit button followed by option \u201csubmit for name reservation\u201d that will prompts in the form of a dialog box at the top of the page.<\/li><li>The following page will prompts you to submit an online fee. Do not forget to note down the SRN as it will helpful in tracking the application.<\/li><li>Click \u2018Pay Now\u2019 to make an online payment regarding the application fees. <\/li><\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Before making an application for the name reservation, make sure to get through the list of the checklist of documents that we mentioned above. If you seek professional guidance regarding the reservation of company name then doesn\u2019t hesitate to connect with <a href=\"https:\/\/corpbiz.io\/\"><strong>CorpBiz\u2019s<\/strong><\/a> professional.&nbsp; <\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/know-about-private-limited-company-india\/\">All you need to Know about Private Limited Company<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this blog, you will come to know about everything regarding Reservation of Company Name of your company. The process of incorporating a privately held entity has been changed after the amendment in the Companies Act, dated on 23.02.2020. Previously, a separate form has to be filed with the Ministry of Corporate Affairs to reserve [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":23368,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[1387],"acf":{"service_id":"1"},"authorName":"Pankaj Tyagi","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/01\/MicrosoftTeams-image-42.jpg","authorDescription":"Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.","postViews":5980,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/23340"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=23340"}],"version-history":[{"count":7,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/23340\/revisions"}],"predecessor-version":[{"id":23370,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/23340\/revisions\/23370"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/23368"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=23340"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=23340"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=23340"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}