The Companies Act is a legislation that governs the formation, functioning, and management of companies. Explore the key provisions, compliance requirements, and legal framework under the Companies Act.
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An application for reservation of name shall be made through the web service available at www.mca.gov.in by using RUN (Reserve Unique Name) along with fee as provided in the Companies (Registration offices and fees) Rules, 2014, which may either be approved or rejected, as the case may be, by the Registrar, Central Registration Center
In RUN web-form, a company name can be reserved very fast and in easy way. Even digital signature is not required for the same. The person can apply for a name of his choice. There shall not any option to apply for more than one name in a form as compare to 6 name options in earlier case.
Stakeholders may kindly note that a new web service RUN (Reserve Unique Name) for reserving ‘name of proposed company and for changing name of existing company will be launched w.e.f. 26th January 2018.
‘RUN’ is one of the Government Process Re-engineering (GPR) initiatives for making the incorporation process speedy, smooth, simple and reducing number of procedures involved for starting a business, w.e.f. 26th January 2018 on the occasion of 69th Republic Day new web based service i.e you can directly submit the application for reserving name online within few minutes (there is no requirement to download e-form like INC-1, after filling up the earlier form and attaching DSC (after successful pre-scrutiny) you were required to upload the same), has been launched for reserving name of new company or for change in name of existing company earlier there was INC-1 for reservation of name of new company or for change in name of existing company.
Today 26.01.2018 MCA started a new services named Reserve Unique Name (RUN) for reserve name of New or Existing Company. Process and new provisions for reservation of name are as follow:
When we think about issue of shares in a Company consequently & automatically we think about the ownership of stake in that company by the shareholder.
Applicability of Corporate Social Responsibility: Every company having net worth of Rs. 500 crore or more, or turnover of Rs. 1000 crore or more or a net profit of Rs. 5 crore or more during any financial year. Every company including its holding or subsidiary, and a foreign company having its branch office or project […]
Following are the top 35 useful and remembreable changes of Companies Amendment Act, 2017: 1. In case of Incorporation, Name shall be reserved for 20 days from the date of Approval instead of 60 days from the date from the date of application.
Central Government hereby appoints the 26th January, 2018 as the date on which the provisions of Section 1 and section 4 of the Companies (Amendment) Act, 2017 shall come into force.
Every applicant, who intends to be appointed as director of an existing company shall make an application electronically in Form DIR-3, to the Central Government for allotment of a Director Identification Number (DIN) along with such fees as provided under the Companies (Registration Offices and Fees) Rules, 2014.
