Rule :9A Extension of reservation of Name in certain cases
On December 24, 2020, the Ministry of Corporate Affairs published the Companies (Incorporation) Third Amendment Rules, 2020, which included Rule 9A "Extension of Reservation of Name in Certain Cases." This Rule extends the time limit for reserving a name that has been approved by the Central Registration Centre (CRC).
Before we get into Rule 9A, let's have a look at the preceding provision:
As per Rule 9 of Companies (Incorporation) Rules, 2014:
An application for name reservation must be submitted online at www.mca.gov.in using the web service SPICe+ (Simplified Proforma for Incorporating Company Electronically Plus: INC-32) and paying a fee of Rs. 1000/-.
If the name is approved, it will be available for 20 days from the date of approval, and if it is rejected, the applicant can resubmit the form without paying any fees if the Central Registration Centre recommends changes (CRC).
As per Rule 9A of Companies (Incorporation) Rules, 2014:
The Registrar shall extend the time of a name reserved under rule 9 by using web service SPICe+ after payment of fees through the web service available at www.mca.gov.in (Simplified Proforma for Incorporating Company Electronically Plus: INC-32),
In layman's terms, the Registrar will extend the 20-day name reservation period if the applicant meets certain conditions and pays the additional fees listed below:
Case
Extension period
Total Days
Fees (Rs.)
1
–
20
1000
2
20 additional days
40
1000 before expiry of 20 days from the date of approval;
3
40 additional days
60
2000 before the expiry of forty days from the date of approval or in other words before the expiry of additional 20 days as mentioned under case 2
4
40 additional days
60
3000 made before the expiry of twenty days from the date of approval under rule 9:
Basically,we can avail the maximum extension of 60 days. Either we can take prior 20 days extension than further 40 days extension or directly can avail the 60 days extension before the expiry of original 20 days period.
Provided that the Registrar shall have the power to cancel the reserved name in accordance with sub-section (5) of section 4 of the Act.
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