{"id":31668,"date":"2021-06-10T11:20:58","date_gmt":"2021-06-10T05:50:58","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=31668"},"modified":"2021-06-10T11:21:01","modified_gmt":"2021-06-10T05:51:01","slug":"section-8-company-name-reservation","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/section-8-company-name-reservation\/","title":{"rendered":"How to Approach for Section 8 Company Name Reservation?"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Section 8 company operates under the Indian&nbsp;Companies Act, 2013. The same act has\nlaid down the regulatory guidelines for section\n8 firms. It is managed by the MCA i.e. Ministry of\nCorporate Affairs, GOI, via offices of ROC (Registrar of Companies) resided in\nevery Indian state. The Company Incorporation rules and process differ\ndepending on the type of the company seeking incorporation certificate. In this\nwrite-up, we will reveal the\nprocess of obtaining section 8 company names\nin brief. <\/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\/section-8-company-name-reservation\/#An_Overview_on_Section_8_Company_Name\" >An Overview on Section 8 Company Name<\/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\/section-8-company-name-reservation\/#What_is_the_role_ofRUN_services_on_MCAs_portal\" >What is the role ofRUN services on MCA\u2019s portal?<\/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\/section-8-company-name-reservation\/#Who_can_use_RUN_services_on_MCAs_Portal\" >Who can use RUN services on MCA\u2019s Portal?<\/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\/section-8-company-name-reservation\/#Requirements_to_be_considered_for_name_modification_or_reservation\" >Requirements to be considered for name modification or\nreservation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/section-8-company-name-reservation\/#Validity_of_a_Name_Approval\" >Validity of a Name Approval<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/section-8-company-name-reservation\/#Submission_of_Objects_for_Name_Reservation\" >Submission of Objects for Name Reservation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/corpbiz.io\/learning\/section-8-company-name-reservation\/#Key_Requisites_to_Reserve_Firm_Name\" >Key Requisites to Reserve Firm Name<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/corpbiz.io\/learning\/section-8-company-name-reservation\/#Fee_structure_for_name_reservation_under_RUN_services\" >Fee structure for name reservation under RUN services<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/corpbiz.io\/learning\/section-8-company-name-reservation\/#Re-submission_of_RUN_Application\" >Re-submission of RUN Application<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/corpbiz.io\/learning\/section-8-company-name-reservation\/#Procession_of_Names\" >Procession of Names<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/corpbiz.io\/learning\/section-8-company-name-reservation\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"An_Overview_on_Section_8_Company_Name\"><\/span>An Overview on Section 8 Company Name<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The applicant seeking <a href=\"https:\/\/corpbiz.io\/section-8-company-registration\"><strong>section 8 company<\/strong><\/a> name needs to visit MCA\u2019s portal and submit a web-based form under the service, namely Reserve Unique Name\u2019, aka RUN. After visiting the home page, the applicant is required to head over to the top menu, presented in the horizontal alignment, and then select \u201cServices\u201d to find the RUN services. <\/p>\n\n\n\n<p>While submitting proposed names, make sure to exclude the words like Private Limited or Limited at the end of its name. Remember, the section 8 company name must end with terms prescribed for this purpose, like a forum, chambers, foundation, council, association, electoral trust, federation, etc. The MCA-powered RUN services supporter submission of the name application in case of rejection. <\/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\/relaxations-given-to-section-8-companies-under-company-law\/\">What are the Relaxations given to Section 8 Companies under Company Law? <\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_role_ofRUN_services_on_MCAs_portal\"><\/span>What is the role ofRUN services on MCA\u2019s portal? <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The <em><strong>Ministry of Corporate Affairs<\/strong><\/em><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Ministry_of_Corporate_Affairs\"><em><strong>[1]<\/strong><\/em><\/a><\/sup> i.e. MCA has mitigated typical issues with the Company Name Approval Process by introducing Reserve Unique Name (RUN) services. The said services seek no specialized skill for application filing. A person with an average computing skill can easily address such a process. RUN services are simple, intuitive, and, most importantly, user-friendly. \u00a0Remember, the same service can be used for altering the prevailing firm\u2019s name. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_can_use_RUN_services_on_MCAs_Portal\"><\/span>Who can use RUN services on MCA\u2019s Portal? <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The registered\nuser is eligible to leverage RUN services on the MCA\u2019s portal. Creating an\naccount on the MCA portal is the first step for the new applicant to the name\nreservation process. After creating the log-in\ndetail or account, the applicant can select Reserve Unique Name (RUN) under the\nMCA Services without any issues. An individual aiming to register section 8\ncompany name can leverage RUN services for company name reservation. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Requirements_to_be_considered_for_name_modification_or_reservation\"><\/span>Requirements to be considered for name modification or\nreservation<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>When an applicant files a web-based form to reserve or change the firm\u2019s name, he\/she must ensure that the proposed name stays in line with the <strong><em>Company name availability guidelines<\/em><\/strong>. A <a href=\"https:\/\/corpbiz.io\/trademark-search\"><strong>Trademark search<\/strong><\/a> is also imperative in this context as it will help to determine whether the proposed name complies with the provisions of Section 4(2) of the Companies Act 2013 or not. The proposed name shall confront rejection in case of non-conformity with the given guidelines. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Validity_of_a_Name_Approval\"><\/span>Validity of a Name Approval<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The company whose name has received approval from\nRUN services shall remain valid for the period of: <\/p>\n\n\n\n<ul><li>20 days from the approval\u2019s date (in case of new company name reservation)<\/li><li>60 days from the approval\u2019s date (in case of name modification for an existing firm). <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Submission_of_Objects_for_Name_Reservation\"><\/span>Submission of Objects for Name Reservation <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The applicant must submit the object of the proposed\nfirm while filing a name\nreservation application to support the proposed name.At present, RUN services\nsupport the submission of one name under the RUN application. The said services\nstill lack the facility of multiple name submissions.\nIt is an important point for someone who is planning for a section 8 company name reservation. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Requisites_to_Reserve_Firm_Name\"><\/span>Key Requisites to Reserve Firm Name<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Albeit there is no requirement of furnishing any\ndocument for name reservation, it is advisable to present NOC from a prevailing\nfirm or other agencies to support the name application. All submissions should\nreach the authority in a single document, with a max file size of 6 MB. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fee_structure_for_name_reservation_under_RUN_services\"><\/span>Fee structure for name reservation under RUN services<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Rs 1000 is the amount that MCA charges for name reservation or modification under RUN services. Post application submission and said fees amount, the portal will generate the Service Request Number (SRN) which acts as an acknowledgment slip for the applicant. It is important to keep in mind that the said fees is non-refundable. That means there is no way the applicant can claim the submitted amount in case of application rejection. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Re-submission_of_RUN_Application\"><\/span>Re-submission of RUN Application<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>At present, the Ministry of Corporate Affair offers no provision for\nresubmission of application in\ncase of rejection.&nbsp; That means applicantshave to file a new\napplication for name reservation if they face revocation from authority.\nNeedless the mention the application fees of Rs 1000 will go along with the new application. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Procession_of_Names\"><\/span>Procession of Names<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Central Registration Centre (CRC) will be\nresponsible for examining the name application. The scrutiny will be rigorous\nand extensive so that even the minor errors could not pass on. Post scrutiny\nprocedure, CRC may approves or rejects the application, and shared the same\nwith the concerned applicant via email.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>MCA is quite spot on when it comes to error detection in the application. Therefore, the applicant needs to stay in line with aforesaid conditions and the Companies (Incorporation) Rules 2014. And not to forget that Name and Trademark Search adheres to utmost importance in this regard. Keep in mind that CRC even takes phonetic similarities into account while performing a name check. This inherently strengthens the chances of application rejection. Though the section 8 company name reservation seems a simple process, the real challenge lies in identifying the unique name.\u00a0 Hopefully, you will find this article conducive and relevant. In case of doubt, connect with <a href=\"https:\/\/corpbiz.io\/\"><strong>CorpBiz\u2019s<\/strong><\/a> professional for an expeditious solution. <\/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\/what-are-section-8-companies\/\">What are Section 8 Companies? Know its provisions and Incorporation Procedures <\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Section 8 company operates under the Indian&nbsp;Companies Act, 2013. The same act has laid down the regulatory guidelines for section 8 firms. It is managed by the MCA i.e. Ministry of Corporate Affairs, GOI, via offices of ROC (Registrar of Companies) resided in every Indian state. The Company Incorporation rules and process differ depending on [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":31671,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[325],"tags":[1803],"acf":{"service_id":"11"},"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":7677,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/31668"}],"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=31668"}],"version-history":[{"count":8,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/31668\/revisions"}],"predecessor-version":[{"id":31677,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/31668\/revisions\/31677"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/31671"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=31668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=31668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=31668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}