MCA Extends Expiration Of Names Reserved For Company Incorporation By 20 Days

The ministry of corporate affairs (MCA) further extended the expiration of names reserved for company incorporation by 20 days from May 31 for those reserved names that were expiring between May 15-31.

Similarly, the expiration of names reserved for change of name by existing companies was extended by another 60 days from May 31, said the notification released on Thursday.

The move was necessitated as the previous extension of the same granted by the MCA was expiring during the extended lockdown 4.0.

On April 23, the MCA extended the expiration of names reserved for incorporation and for change of name by 20 days from May 3 when the lockdown was first extended.

After that, the lockdown was twice extended till May 18 and again till May 31.

For LLPs, the corporate affairs ministry has granted extension of names reserved for incorporation and change of name by 20 days from May 31.

According to the Company Rules, a company or an LLP has to first reserve the chosen name for incorporation or changing with the Registrar of Companies (RoC).

The reservation period for names reserved for incorporation is 20 days and those reserved for change of name is 60 days. For LLPs, the period for both is 90 days.

Additionally, the notification further extended by 15 days, service requests for which the last date of re-submission was falling between May 15-31, on a case-to-case basis.

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