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With regard to MCAs announcement dated 24th December 2020, wherein, theCompanies (Incorporation) Third Amendment Rules, 2020were released by the competent authority, the Institute of Chartered Accountants of India has announcedregarding extension of the time period, of the name reserved through SPICE+ under Rule 9, upon payment of certain fees. Read the official announcement below: ANNOUNCEMENT Sub: Extension of name reserved through SPICE+ upon payment of fees This is to inform you that t
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FAQ :
The ICAI has announced an extension to the time period for names reserved through the SPICE+ system, allowing for longer reservation periods upon payment of fees.
The new Rule 9A, which allows for the extension of name reservation, came into effect on 26th January 2021.
A company can extend its name reservation period by paying specific fees. The duration of the extension and the fee amount vary.
There are options to extend the reservation for forty days upon payment of Rs. 1,000 (paid within 20 days of approval), or for sixty days upon payment of Rs. 2,000 (paid within 40 days of approval) or Rs. 3,000 (paid within 20 days of approval).
Yes, the Registrar retains the power to cancel a name that has been reserved under the new rule.
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