Two stories to begin with: Nokia refused Android Yahoo refused Google Story Over! Lessons Learnt: Take risks. Embrace changes. If you refuse to change with time, you might perish. Ok two More stories: Facebook takes over WhatsApp and Instagram. Flipkart takes over Myntra and flipkart owned Myntra takes over jabong. Story Over! Lessons learnt: Become so powerful that your competitors become your allies. Reach the top position and then eliminate the competition. Keep innovating. Two More stories: Colonel Sanders founded KFC at the age of 65. Jack Ma, who couldn't get a job in KFC, founded Alibaba. Story over! Lessons learnt: Age is just a number Only those who keep trying succeed Last but not least: Lamborghini was founded as a result of revenge of a tractor owner who was insulted by Enzo Ferrari, the founder of Ferrari Story Over! Lessons learnt: Never underestimate anyone, ever !! Success is the best revenge. Just keep working hard !! lessons Invest your time wisely !! Do what pleases you !! Don't be afraid to fail #learn #Grow #live #life #complianceship #spreading #knowing #is #power

Reserve Unique Name: New Name availability Service On the occasion of the 69th Republic day, the Government of India takes another step towards ease of doing business in India. After the successful launch of Simplified Proforma for Incorporating Company electronically (SPICe -INC-32), with eMoA (INC-33), eAOA (INC-34), the Ministry of Corporate Affairs has now launched a new web service "RUN” (Reserve Unique Name) for reserving the name for a company w.e.f. 26th January 2018. Name applications will be processed by the Central Registration Centre(CRC) under Non-STP mode. The name applied for will be subjected to a comprehensive check by the Central Registration(CRC). Every person desirous to incorporate a New Company/ change name of Existing Company is required to apply for the name using the RUN service. The steps to apply name through RUN service are as follows: Login into MCA portal. Go to MCA Service>Company Service>RUN(Reserve Unique Name) Fill the following 4 questions: Entity type (Limited New Company/Producer Company/Unlimited/Private(OPC)/Sec. 8/IFSC/Nidhi  Company) CIN (only in case of  change of name of an existing Company) Name (Auto Name check facility is available) Comments (Objects of the proposed company or any other relevant comment) Attachment (relating to Sectoral Regulator approval/NOCs/ or any other document) Submit the form and make payment of Rs. 1,000/-. Once you have submitted the name reservation request, it will then be checked and, if found feasible, approved by the Central Registration Centre (CRC). The stakeholder will receive an email from the CRC advising the outcome of the name reservation request. Once approved, the name will be valid for 20 days in the case of a new company. 60 days in case of existing Company Points to remember A stakeholder may note that: Only one name can be applied at a time. Prior to submission of applications, it is advised to conduct Name and Trade Mark search by using the links available separately on the MCA portal and also ensure that the proposed name is not in violation of Companies Act, 2013. Need to make payment of Rs. 1,000/- every time one submit the form. No resubmission is allowed. The form will be either approved/rejected. Incorporation form is to be filed from the same User ID from which the name was approved. A single attachment of a maximum of 6 MB can be uploaded. So in case of multiple documents, one needs to scan all document as a single file.   Benefits of RUN Service No DIN required for an applicant No DSC required for filling the name reservation form. Auto Check facility for name availability. Easy access for name application. The drawback of RUN Service   Only 1 name is allowed at a time. No resubmission allowed. The form will be either approved/rejected. Every time we submit a form through RUN service, payment of Rs. 1,000/- is to be made.  The RUN service is a  step towards starting a business easier. It will help stakeholders to start their business with a name of their choice. Also will help them to [...]