The Ministry of Corporate Affairs (MCA) notified that extension of the period of company name reservation wherein registrar empowered to extend period by 60 days for name reserved under rule 9 using the Simplified Proforma for Incorporating Company Electronically Plus INC-32 (SPICe+).
The MCA has notified Companies (Incorporation) Third Amendment Rules, 2020 notified Rule 9A of the Companies (Incorporation) Rules, 2014. Extension of reservation of name in certain cases. Under the rule the Registrar shall extend the period of a name reserved under rule 9 up to 60 days on Payment of Fees.
Rule 9A is in respect of Extension of reservation of name in certain cases upon payment of fees through 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+ (Simplified Proforma for Incorporating Company Electronically Plus: INC-32) in various cases.
Firstly, forty 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 under rule 9.
Secondly, sixty days from the date of approval under rule 9 on payment of fees of rupees two thousand made before the expiry of forty days referred to in clause (a) above;
Thirdly, sixty days from the date of approval under rule 9 on payment of fees of rupees three thousand made before the expiry of twenty days from the date of approval under rule 9.
However, Registrar shall have the power to cancel the reserved name in accordance with sub-section (5) of section 4 of the Act.”
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