Companies Act

MCA asks stakeholders to report any malpractice in company name reservation/incorporation

MCA asks stakeholders to report any malpractice/irregularity in company name reservation / incorporation

The Companies (Incorporation) Rules 2014 contains the rules regarding company name reservation. According to Rule 9 an application for reservation of name shall be made online in Form SPICe+ (INC-32) which may either be approved or rejected, as the case may be, by the Registrar, Central Registration Centre (CRC) after allowing re-submission of such web form within fifteen days for rectification of the defects, if any.

Further in respect of names which resemble too nearly with the name of an existing company are forbidden. Rule 8 provides that a name applied for shall be deemed to resemble too nearly with the name of an existing company, if, and only if, after comparing the name applied for with the name of an existing company by disregarding the matters set out in sub-rule (2), the names are same.

The approval of the company name is given by Registrar, Central Registration Centre (CRC)

MCA by its advisory has stated that the processing of application forms for the purpose of name reservation and incorporation at the Central Reservation Centre (CRC) is faceless and randomised. The applications if sent for resubmissions are normally not processed by the same official who has processed the application at the first instance. Stakeholders may inform the Ministry in case of any malpractice or irregularity on the part of any official/officer at CRC or any professional with supporting evidences at cvo-mca@gov.in for taking action in accordance with the extent CVC guidelines.

Share

Recent Posts

  • Income Tax

ITR was not non est for no e-verification when AO took cognizance of returned income

Return could not be said to be non est for non e-verification when AO had been taken due cognizance of…

18 hours ago
  • Income Tax

Section 43CB & ICDS-III is applicable to contractors not to real estate developers

Section 43CB read with ICDS-III is applicable to contractors and not real estate developers - ITAT In a recent judgment,…

23 hours ago
  • Income Tax

Expenses of ESOP are allowable as revenue expenditure u/s 37(1) of Income Tax Act.

Expenses incurred on ESOP are allowable as revenue expenditure u/s 37(1) of Income Tax Act – ITAT Delhi In a…

2 days ago
  • Income Tax

Compliance history of supplier can’t be used to invalidate genuine business transactions of buyer

Compliance history of supplier could not be used to invalidate the genuine business transactions of the buyer especially when the…

2 days ago
  • Income Tax

Reassessment quashed as AO issued notice u/s 148 instead of 153C as reopening was based on search

Reassessment quashed as AO issued u/s 148 instead of 153C as reopening was based on incriminating material found during search…

2 days ago
  • Empanelment

Empanelment of CA/CMA /Legal firm for FEMA & other allied services at EPIL

Empanelment of Chartered Accountants/Cost Accountant/Legal firm for FEMA & other allied services Engineering Projects (India) Ltd. has invited application for…

2 days ago