Please find attached amended rules on Companies (Incorporation) issued by MCA. The brief summary of the amendment is detailed below:
1 | Rule date | 24.12.2020 |
2 | Subject | Companies (Incorporation) Third Amendment Rules, 2020 |
3 | Effective date |
Rule 9A has been inserted with effect of January 26, 2021 which specify Extension of reservation of name in certain cases. |
4 | Applicability | As per rule attached |
5 |
Brief description |
MCA has vide Companies (Incorporation) Third Amendment Rules, 2020 notified Rule 9A. Extension of reservation of name in certain cases. Under the rule Registrar shall extend the period of a name reserved under rule 9 up to 60 days on Payment of Fees.
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5 | Impact | This step has been taken to ease the burden on companies and their promoters due to coronavirus disease (COVID-19). MCA inserted new rule 9A and through this new rule MCA provided the opportunity for reserving name beyond 20 days, if required, subject to condition and payment of fees. |
For your reference all amended rules attached herewith.
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