The Ministry of Corporate Affairs vide its notification dated 24th December 2020 has published the Companies (Incorporation) Third Amendment Rules, 2020 to further amend the Companies ( Incorporation) Rules, 2014.
Through this amendment a new rule 9-A has been inserted which deals with Extension of reservation of name in certain cases in which Upon payment of fees provided in the web service available at www.mca.gov.in, the Registrar shall extend the period of a name reserved under rule 9 by using web service SPICe+, upto 40 days from the date of approval under rule 9, on payment of fees of rupees of one thousand rupees made before the expiry of twenty days from the date of approval and shall extend up to 60days from the date of approval on payment of fees of rupees two thousand made before the expiry of forty days.
