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MCA Extends timeline for Name Reservation / Re-submission for Companies & LLP's

CSLalit Rajput
Deadline Extensions for Company Name Reservations and Form Resubmissions Announced Due to COVID-19 Disruptions The Ministry of Corporate Affairs extended deadlines for name reservation and form resubmission for companies and LLPs due to COVID-19 disruptions. For new company incorporations, name reservations expiring between March 15 and May 3, 2020, are extended by 20 days beyond May 3. For name changes, a similar extension applies. Resubmission deadlines falling in the same period receive an additional 15 days. For LLPs, name reservations and resubmission deadlines are also extended by 20 and 15 days, respectively. Extensions for SRNs marked under NTBR are considered individually, and forms will not be marked NTBR due to non-resubmission during this period. (AI Summary)

MCA Extends timeline for Name Reservation / Re-submission  .

  • Overview

In view of the situation arising due to COVID-19 pandemic and extended lockdown period, Ministry of Corporate Affairs vide notification / circular  dated 22nd day of April, 2020 has issued Circular with respect to PERIOD/DAYS OF EXTENSION FOR NAMES RESERVED AND RESUBMISSION OF FORMS.

Several representations have been received from stakeholders with regard to difficulty in incorporation / resubmission of incorporation forms due to COVID-1 9

  • Relaxation given:

PERIOD/DAYS OF EXTENSION FOR NAMES RESERVED AND RESUBMISSION OF FORMS

S. No.

Issue description

Period/Days of Extension

1

Names reserved for 20 days for new company incorporation. SPICe+ Part B needs to be filed within 20 days of name reservation.

Names expiring any day between 15th March 2020 to 3rd May would be extended by 20 days beyond 3rd May 2020.

2

Names reserved for 60 days for change of name of company. INC-24 needs to be filed within 60 days of name reservation.

Names expiring any day between 15th March 2020 to 3rd May would be extended by 20 days beyond 3rd May 2020.

3

Extension of RSUB validity for companies.

SRNs where last date of Resubmission (RSUB) falls between 15th March 2020 to 3rd May 2020, additional 15 days beyond 3rd May 2020 would be allowed. However, for SRNs already marked under NTBR, extension would be provided on case to case basis.

Note: Forms will not get marked to (Not to be taken on Record)’NTBR’ due to non resubmission during this extended period as detailed above

4

Names reserved for 90 days for new LLP incorporation/change of name. FiLLiP/Form 5 needs to be filed within 90 days of name reservation.

Names expiring any day between 15th March 2020 to 3rd May would be extended by 20 days beyond 3rd May 2020.

5

Resubmisssion validity extension for LLPs.

SRNs where last date of resubmission (RSUB) falls between 15th March 2020 to 3rd May 2020, additional 15 days would be allowed from 3 rd May 2020 for resubmission. However, for SRNs already marked under NTBR, extension would be provided on case to case basis.

Note: Forms will not get marked to (Not to be taken on Record)’NTBR’ due to non-resubmission during this extended period as detailed above

Read MCA Circular at:

http://www.mca.gov.in/Ministry/pdf/Extension_22042020.pdf

 

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