Ultimate Guide to Name Reservation for a One Person Company (OPC) Private Limited

Starting a One Person Company (OPC) in India can be an exciting assignment for solo marketers who need to function their corporation independently while enjoying the benefits of limited legal liability. One of the first steps in setting up your OPC is following the OPC Name Reservation Guide, which ensures that your company name doesn’t conflict with existing businesses and complies with legal requirements.

This manual will stroll you through the name reservation process to your OPC, from selecting the right name to very last approval from the Ministry of Corporate Affairs (MCA).

What is Name Reservation for an OPC?

OPC Name Reservation Guide is the method of securing a unique name for your business entity before it is incorporated. It ensures that your name is not already taken and complies with the Companies Act, 2013, and other MCA guidelines.

The MCA’s on-line portal makes the name reservation technique straightforward, helping you steady your business enterprise call whilst adhering to crook requirements.

Why is Name Reservation Important for an OPC?

The OPC Name Reservation Guide highlights why name reservation is crucial for a One Person Company (OPC). It ensures that the company’s name is unique and not identical or similar to any other registered entity. Here’s why it’s important:

1. Legal Protection: It legally safeguards the company’s identity, preventing others from using the same or a similar name, which could create confusion or legal disputes.
2. Brand Identity: The company name is an essential part of its branding. Reserving the name early guarantees that the chosen name aligns with the business’s vision and prevents competitors from registering it.
3. Compliance with Regulations: Name reservation is a mandatory step for OPC registration under the Companies Act. Without a reserved name, you cannot proceed with the official incorporation of the company.
4. Avoiding Rejection: When applying for company registration, a reserved name is required. If the name isn’t reserved beforehand, it may lead to delays or rejections of the registration process.
5. Trademark Protection: Securing the name also helps in eventual trademark registration, protecting your brand and preventing others from using similar marks.
6. Building Trust: A unique, well-chosen name that you officially reserve signals professionalism and instills confidence among investors, customers, and partners.

Steps to Reserve a Name for Your OPC

1. Choose a Unique and Compliant Name

Start with the aid of selecting a name to your OPC. Here’s what you want to preserve in mind:

• Uniqueness: The call must be unique and not similar to any modern-day organisation names or emblems. Use the MCA’s “Check Name Availability” tool to confirm availability.
• Business Representation: The call should preferably reflect the man or woman of your commercial enterprise. A relevant call facilitates ability customers understand your issuer.
• Suffix Requirement: Like exclusive personal companies, your OPC call should encompass the suffix “OPC Private Limited” (e.G., XYZ Technologies OPC Private Limited).
• Compliance with Regulations: Ensure that the call complies with the Companies Act, 2013, and does no longer use prohibited phrases together with “Bank,” “Insurance,” or “National” until legal.

Tip: Choose a name that displays both your modern-day-day enterprise and your destiny dreams.

2. Check Name Availability

Before intending, you need to verify in case your preferred call is available:

• MCA Name Availability Tool: Use this tool on the MCA portal to check if the name is available for registration. It ensures that no other organization has already taken the name.
• Trademark Search: It’s an exquisite concept to carry out a hallmark are trying to find to ensure your chosen name doesn’t infringe on gift logos.

If another organization has taken the name, you will need to choose a unique name that meets MCA’s guidelines.

3. Fill Out the RUN (Reserve Unique Name) Form

Once you’ve decided on a unique call, entire the RUN (Reserve Unique Name) form on the MCA portal. This form is specially used for reserving names for OPCs and one of a kind non-public organizations.

• Only One Name: You can best publish one name for approval at a time. If the call is accepted, it’ll possibly be reserved for 20 days.
• Rejected Name: If the name is rejected, you could submit a new name, however you’ll ought to pay the reservation rate once more.

4. Submit the Application and Pay the Fee

After filling out the RUN shape, put up your utility online via the MCA portal. At this level, you’ll additionally need to make the desired charge for the name reservation.

The MCA fees a non-refundable fee of INR 1,000 for name reservation. This fee applies even if the Registrar rejects your name, so make sure your chosen name complies with MCA guidelines before submitting the application.

Payment options include:

• Credit or Debit Card
• Net Banking
• NEFT/RTGS
• UPI

Double-test all info before proceeding with the charge.

5. Wait for MCA’s Approval

Once you’ve submitted your software and rate, the MCA will overview your request. This commonly takes 2-3 operating days, in spite of the reality that it may take longer relying at the variety of programs in the queue.

• Approval: If the Registrar approves your name, they will reserve it for 20 days. You should complete the incorporation manner inside this era. If you need greater time, you could practice for an extension (up to twenty greater days).
• Rejection: If the Registrar rejects your name, you will receive feedback from the MCA explaining why it was not approved.Common motives for rejection embody similarity to current names, trademark infringement, or use of prohibited phrases. You can revise your name and reapply, but you can need to pay the reservation charge again.

How Long is a Reserved Name Valid for an OPC?

Once the Registrar approves your name, they will reserve it for 20 days. During this time, you must complete the incorporation process. If you cannot finish within 20 days, you can request an extension, which they may grant for up to 20 additional days.

Can I Change the Name of My OPC After Reservation?

Once you reserve your name, you can’t change it. However, after incorporating the OPC, you can convert the decision by passing a unique resolution with the board of directors and submitting forms (e.g., SPICe+) to the Registrar of Companies (ROC). This method entails additional steps and costs.

Common Reasons for Name Rejection

The MCA may additionally reject your OPC call reservation for numerous motives:

• Similarity to Existing Names: If the name is actually too similar to an existing business enterprise or trademark.
• Trademark Violation: If your name infringes on an existing trademark.
• Prohibited Words: If the decision includes phrases like “Bank,” “Insurance,” or “National” without the important authorization.
• Non-Compliance: If the call doesn’t meet the necessities set by using the Companies Act, 2013 or MCA hints.

If the Registrar rejects your name, you will receive the reasons and can resubmit a revised name, but you will need to pay the fee again.

Final Thoughts

Name reservation is a critical step in establishing your One Person Company (OPC). It ensures that your business name is unique, legally compliant, and protected from future legal challenges. By following the steps outlined in this OPC Name Reservation Guide, you can easily navigate the name reservation process through the MCA portal.

Take some time in deciding on a call that displays your company and destiny goals. Once you reserve your name, you can proceed with incorporation and move closer to turning your entrepreneurial vision into a reality.