The Ministry of Corporate Affairs on 20th May 2020 has extended the validity of approved names for incorporation of new companies or LLP or for change of name of existing companies or LLP.
- For names reserved for 20 days for new company incorporation, SPICe+ Part B needs to be filed within 20 days of name reservation. For such reservation that are expiring between March 15, 2020, to 31st May, MCA has extended the reservation period by 20 days beyond 31st May 2020.
- Similarly, for existing companies, the reservation period for changing of names is 60 days, and the names expiring any day between 15th March 2020 to 31st May has been extended by 60 days beyond 31st May 2020.
- For extension of RSUB validity for companies, MCA has decided that where SRNs last date of re-submission (RSUB) falls between 15th March 2020 to 3rd May 2020, additional 15 days beyond 31st May 2020 would be allowed. However, for SRNs already marked under NTBR, extension would be provided on case to case basis.
- For names reserved for 90 days for new LLP incorporation/change of name, Form 5 needs to be filed within 90 days of name reservation. MCA has provided that for names expiring any day between 15th March 2020 to 3rd May, FORM 5 shall be filed by 20 days beyond 31st May 2020.
- Further for RSUB validity extension for LLPs, SRNs where the last date of re-submission (RSUB) falls between 15th March 2020 to 3rd May 2020, additional 15 days would be allowed from 31st May 2020 for re-submission. However, for SRNs already marked under Not to be taken on Record (NTBR), the extension would be provided on a case to case basis.
Click here to read the notification.
