What is Reserve Unique Name?
Under the Government Process Re-engineering, it is an initiative from Government of India to simplify the incorporation process to get name approval for the Entrepreneurs. Under the scheme, the name of the company can be reserved without DIN & DSC which is valid for 20 days for new companies and 60 days for existing companies.
Here is the new process of reserving the name under ‘RUN’?
Important note: MCA RUN system only checks for identical Company names. However, Companies Incorporation Rules, 2014 states that a company cannot be registered with an identical or similar name to that of an existing company or trademark. Hence, the quick check system, even if it shows a name is available does not guarantee name approval.
Important note: All you have to do is to select unique name to avoid rejection.