Extension for names reserved and resubmission of forms
23 April 2020
Due to outbreak of COVID-19 throughout the country, social distancing has become necessary in all sectors and spheres making the functioning of business and government authorities difficult. Keeping in mind the current scenario Ministry of Corporate Affairs on April 22, 2020 has published a notice on its website allowing extension of time in respect of name reservation application and resubmission of forms as provided in the below table:
|
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, 2020 would be extended by 20 days beyond 3rd May 2020. |
|
3. |
Extension of resubmission 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 (Not to be taken on record), extension would be provided on case to case basis. It has been clarified by MCA that Forms will not get marked to 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 of LLP. FiLLiP/Form 5 needs to be filed within 90 days of name reservation. |
Names expiring any day between 15th March, 2020 to 3rd May, 2020 would be extended by 20 days beyond 3rd May, 2020. |
|
5. |
Resubmission of validity 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 3rd May, 2020 for resubmission. However, for SRNs already marked under NTBR, extension would be provided on case to case basis. It has been clarified by MCA that Forms will not get marked to NTBR due to non-resubmission during this extended period as detailed above. |
This will allow relaxation to the companies/ LLP falling in any of the aforesaid criteria to resubmit/ submit the requisite e-forms without any additional fees.
