<h1>Central Registration Centre Speeds Up Company Name Approvals; False Declarations Punishable u/s 448 of Companies Act 2013.</h1> The Ministry of Corporate Affairs has established a Central Registration Centre to expedite the processing of company name availability applications. Compliant applications are processed by the next working day, with authenticity ensured through declarations and certifications by professionals like advocates or accountants. Additionally, a declaration from a company director or manager is required to confirm compliance with the Companies Act. False statements are punishable under section 448 of the Companies Act, 2013. This initiative was announced by the Minister of Corporate Affairs in a written response to a query in the Lok Sabha.