Criteria for Reservation of name Before and After Amendment made MCA with effect from  23.02.2020

Reservation of Name of Company : As per the provisions of the Sub-Section (4) and (5) of Section 4 of  the Companies Act, 2013, read with Companies (Incorporation) Rules, 2014, as amended vide Companies (Incorporation) Amendment Rules, 2020

BEFORE AMENDMENT AFTER AMENDMENT:

Amendment Effective from  23.02.2020

RESERVATION OF NAME :  As per Section 4(4) of the Companies Act, 2013.

1. A person (an applicant) may make an application to the Registrar of Company (ROC) for the reservation of name of the Company as set out in the application, as –

a) The name of the proposed Company; or

b) The name to which the Company proposes to change its name.

RESERVATION OF NAME :  As per Section 4(4) of the Companies Act, 2013.

1. A person (an applicant) may make an application to the Registrar of Company (ROC) for the reservation of name of the Company as set out in the application, as –

a) The name of the proposed Company; or

b) The name to which the Company proposes to change its name.

MANNER OF MAKING APPLICATION FOR RESERVATION OF NAME : As per rule 9 of Company (Incorporation) Rules, 2014:

1. An application for Reservation of Name shall be made to Registrar of Company (ROC), through the web service i.e., www.mca.gov.in by using Form RUN (Reserve Unique Name).

2. Further, Registrar of Company (ROC), Central Registration Centre, may either be approved or rejected the application  after allowing re-submission of such application within 15 days for rectification of the defects, if any.

3. An application for Reservation of Name shall be made along with fee as provided in the Companies (Registration Offices and Fees) Rules, 2014, i.e.,   1000/-

 

MANNER OF MAKING APPLICATION FOR RESERVATION OF NAME : As per rule 9 of Company (Incorporation) Rules, 2014:

1. After amendment, an application for Reservation of Name shall be made to Registrar of Company (ROC), through the web service i.e., www.mca.gov.in by using web service SPICe+ (Simplified Proforma for Incorporating Company electronically   Plus : Form INC-32),

2.  And, an application for Change of Name shall be made through the web service i.e., www.mca.gov.in by using web service RUN (Reserve Unique Name)

3. An application for Reservation/ Change of Name shall be made along with fee as provided in the Companies (Registration Offices and Fees) Rules, 2014, i.e.,  1000/-

4. Further, Registrar of Company (ROC), Central Registration Centre, may either be approved or rejected the application   after allowing one time re-submission of such application within 15 days for rectification of the defects, if any, with effect from the 23rd February, 2020. 

Time limit for Reservation of Name of Company by Registrar of Company(ROC): As per Section 4(5) of the Companies Act, 2013:

Upon receipt of an application as per above stated provision under section 4(4), the Registrar of Company(ROC), may, on the basis of information and documents furnished along with the application, reserve the name for a period of Sixty (60) Days from the date of the application.

Time limit for Reservation of Name of Company by Registrar of Company(ROC): As per Section 4(5) of the Companies Act, 2013:

Whether Amendment Effective:  No (Yet to be notified by CG)

Upon receipt of an application as per above stated provision under section 4(4), the Registrar of Company(ROC), may, on the basis of information and documents furnished along with the application, reserve the name as follows:-

a) In Case of New  Company- For a period of 20 Days from the date of the application.

b) In Case of Existing  Company- For a period of 60 Days from the date of the application.

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