The Ministry of Corporate Affairs (MCA) on December 24, 2020 has issued the Companies (Incorporation) Third Amendment Rules, 2020 to further amend the Companies (Incorporation) Rules, 2014.
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The following amendments have been made -
• Rule 9A has been inserted with effect of January 26, 2020 which specify Extension of reservation of name in certain cases: Payment of fees provided by Web service 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)
• From the date of approval of 40 Days on the payment of Rs. 1000/- made before the expiry of 20Days from the date of approval Under rule 9.
• From the date of approval of 60 Days on the payment of Rs. 2000/- made before the expiry of 20Days from the date of approval Under rule 9.
• From the date of approval of 60 Days on the payment of Rs. 3000/- made before the expiry of 20Days from the date of approval Under rule 9.
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As per Section 4(5), the Registrar has power to cancel the reserved name. The SPICe+ Form (Simplified Proforma for Incorporating Company electronically Plus: INC – 32) has been substituted.
The Rule shall come into force on the date of their publication in the Official Gazette.
[Notification No. G.S.R. 795(E)]
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