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Due to COVID 19 and Lock down situation in Country, Ministry of Corporate Affairs has given further relaxation for submission of forms by Companies/ LLP for following Matters:

♦ Name Approval

♦ Incorporation

♦ Resubmission of Forms

Issue description  Period/Days of Extension New Due Date
 

 

 

1

Name Reservation Date for Incorporation of New Companies Names expiring any day between 15th March 2020 to 31st May would be extended by 20 days beyond 31st May 2020. 20th June, 2020
 

 

 

2

Name Reservation Date for Change of Name of Companies Names expiring any day between 15th March 2020 to 31st May would be extended by 60 days beyond 31st May 2020. 30th July, 2020
 

 

 

 

 

3

 

Extension of Resubmission validity for companies.

SRNs where last date of Resubmission (RSUB) falls between 15th March 2020 to 31st May 2020, additional 15 days beyond 31st 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 non- resubmission during this extended period as detailed above.

It also includes IEPF Non-STP eForms ( IEPF- 3, IEPF-5 and IEPF-7)

 

  

 

15th June, 2020

  LLP
 

4

Name Reservation Date for Incorporation/ Change of Name of LLP Names expiring any day between 15th March 2020 to 31st May would be extended by 20 days beyond 31st May 2020. 20th June, 2020
5 Resubmission validity extension for LLPs. SRNs where last date of resubmission (RSUB) falls between 15th March 2020 to 31st May 2020, additional 15 days would be allowed from 31st 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 non- resubmission during this extended period as detailed above.

15th June, 2020

15th June, 2020

Conclusion:

This is the welcome move by MCA in respect of extention of time period for name approvals, incorporation of companies and llp & resubmission of forms. All professional should plan their work accordingly.

(Author – CS Divesh Goyal, GOYAL DIVESH & ASSOCIATES Company Secretary in Practice from Delhi and can be contacted at csdiveshgoyal@gmail.com)

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Author Bio

CS Divesh Goyal is Fellow Member of the Institute of Companies Secretaries and Practicing Company Secretary in Delhi and Steering Voice in the Corporate World. He is a competent professional having enrich post qualification experience of a decade with expertise in Corporate Law, FEMA, IBC, SEBI, View Full Profile

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