PERIOD/DAYS OF EXTENSION FOR NAMES RESERVED AND RESUBMISSION OF FORMS DUE TO COVID-19
Since December 2019, the Covid-19 has grabbed headlines around the world as a successor to its cohorts in the coronavirus family, like the Middle East Respiratory Syndrome (MERS) and Severe Acute Respiratory Syndrome (SARS).
In the wake of pandemonium caused by spread of the COVID-19 virus, several representations have been received from stakeholders with regard to difficulty in NAMES RESERVATION AND RESUBMISSION OF FORMS due to COVID-1 9 related social distancing norms and consequential restrictions linked thereto.
These representations have been examined and it is noted that the Companies Act, 2013 (Act) allows a period/days of extension for names reserved and resubmission of forms.
MCA vide explanation dated 22.04.2020 states:
PERIOD/DAYS OF EXTENSION FOR NAMES RESERVED AND RESUBMISSION OF FORMS
| Sl.No. | Issue description | Period/Days of Extension |
| 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. | |
| 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. | |
| 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 nonresubmission during this extended period as detailed above. | |
| 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. | |
| RSUB 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 nonresubmission during this extended period as detailed above. |
Link: http://www.mca.gov.in/Ministry/pdf/Extension_22042020.pdf
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