Update on Company Name Application process through Reserving Unique Names (RUN)
The ministry of Corporate Affairs has eased the Company Name Application process through Reserving Unique Names (RUN).
From 24th March 2018, under RUN process, the applicant can submit TWO proposed names for approval in the order of preference. In case the applied names are not available for registration, the ministry will give ONE chance to resubmit the application with another set of TWO names for approval.
Prior to this changes, there was option to apply only ONE name for approval and there was no chance for resubmitting the application.
RUN Company Name Application Fee is Rs.1000.00. This fee is additional to the regular fee to be paid through SPICE Application for Company Registration.
RUN Company Name Application is not a mandatory process. Alternatively, the applicant can apply Company Name through the integrated SPICE Application for Company Registration. In that case, we can submit ONLY ONE name for seeing approval. However, there are TWO changes of re-submissions for SPICE Application. So, effectively the applicant can submit THREE NAMES (1-Original Submission + 2 Re-submissions) for approval without any extra cost.