Sarath Rajendran
(Nil)
(2791 Points)
Replied 20 December 2018
RUN (reserve unique name) This form ued for name Name reservation
To get informationj about incorporation please approach a practicing CA, CS etc.
Prerna Saraogi
(1217 Points)
Replied 20 December 2018
Hi Tejas!
RUN stands for Reserve Unique Name. It is a form introduced by the MCA to simplify the incorporation process of a company and LLP. After the introduction of RUN forms, a person can reserve the name of the company without a DIN or DSC.
With the introduction of RUN web-form, a company name can be reserved quickly and easily even before obtaining a digital signature. However, only one name choice can be provided at a time. The fee for name reservation using RUN web-form is Rs.1000 per form submission – irrespective of whether the name is approved or not.
To apply for name using RUN web-form, the Entrepreneur must first create a free MCA account. After logging into the MCA account, the Entrepreneur can choose the type of company to be registered and provide one name choice and check against the MCA database of company and LLP names.
Its very important to note that the MCA RUN system only checks for identical LLP and Company names. However, Companies Incorporation Rules, 2014 states that a company or LLP cannot be registered with an identical or similar name to that of an existing company, LLP or trademark. Hence, the quick check system, even if it shows a name is available does not guarantee name approval.
On submission of the RUN form with a Rs.1000 fee, the requested name would be checked by MCA personnel at the Central Registration Centre (CRC) against company, LLP and trademarks for tests of similarity. If the name is unique and conforms to the Companies Act 2013, name approval would be provided by the MCA and the applicant would be intimated through the email address mentioned on the MCA account.
Hope it helps! :)
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