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India Business Bulletin (December 2020)

MCA has notified the Companies (Incorporation) Third Amendment Rules, 2020 which amends and introduces a new rule in the Companies (Incorporation) Rules, 2014 to allow companies to seek exten-sion of the reservation of company name for up to 60 days from the date of approval on payment of req-uisite fees. The extension, which is effective from 26 January 2020, would especially benefit companies which are facing delays in completing incorporation process due to the prevailing COVID-19.

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