Legal Updates on Secretarial – “The Companies (Incorporation) Third Amendment Rules, 2020”


Posted January 4, 2021 by Avantis

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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.

Click here for more secretarial legal updates: https://www.avantis.co.in/legalupdates/?cat=Secretarial .

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.

Click here for more details about this update - https://www.avantis.co.in/updates/article/12172/the-companies-incorporation-third-amendment-rules-2020/ .

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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Tags legal updates in india , legal updates on secretarial , secretarial , secretarial compliance updates , secretarial legal updates , secretarial updates
Last Updated January 4, 2021