MCA has vide its circular dated 24th December, 2020 amended the Companies (Incorporation) Rules, 2014 by giving more leeway to the name reservation, which at present is only 20 days time limit from the date of its approval.
Now they have provided that the applicants can extend the name reservation approval time limit by paying appropriate fees as under:
upto 40 days from the date of approval i.e. 20 days extra on payment of Rs.1000/-
upto 60 days from the date of approval i.e. 40 days extra on payment of Rs.2000/-
In both the above cases, the additional payment should be made before expiry of 20 days / 40 days respectively
upto 60 days from the date of approval i.e. 40 days extra on payment of Rs.3000/- if the payment is made before 20 days of the approval date.
All this is going to come into effect from 26th January, 2021 – though i am clueless why it should be so late, it should have been made applicable from 1st January 2021 itself.
This is a much needed move because the present 20 days’ time limit is vastly insufficient in order to submit/ file all the documents online at the web portal of the MCA and the govt. asks for a truckload of documents for the same.
In the Web form Spice B+ also they have introduced a column for indicating the main objects of the proposed company. Presently such indication has to be made in the attachment portion of the form.
A copy of the MCA circular can be found on the MCA site. i.e. http://www.mca.gov.in