New Rule 9A For Name Reservation under Companies Act 2013

• December 27, 2020
• CA Chandan Agarwal's Office

MCA on 24^th of December, 2020 inserted the new rule 9A. The rule provides the extension in the time limit for the reservation of name. Before moving further with the new rule I am encapsulating the existing provision related to reservation of the name.

Currently, we are incorporating company through SPIC+ integrated system of company incorporation. SPICE+ is divided into two parts that Part-A for the reservation of name and Part-B for the incorporation of the company.

The applicant got the freedom either to fill both Part-A and Part-B together for the incorporation of the company or fill Part-A first and apply for the reservation of name of the company after payment of fees of Rupees One Thousand (Rupees 1000). Once the name gets reserved then proceeds with the Part-B for the incorporation of the Company.

Read more on: https://taxguru.in/company-law/rule-9a-reservation-companies-act-2013.html