Ease of doing business in India: Extension of period of reserved names for Companies

CS Anupriya Saxena | Last updated: 30 December 2020

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The Indian government, through the Ministry of Corporate Affairs (MCA), has introduced new rules to improve the ease of doing business, particularly for company incorporations. Previously, reserved company names were only valid for 20 days, causing issues for businesses needing more time to gather documents, especially those with foreign stakeholders. Now, through the Companies (Incorporation) Third Amendment Rules, 2020, the validity of a reserved name can be extended up to a maximum of 60 days, offering greater flexibility.

The Government of India (GOI) is committed to improvingthe process of doing business in India. This initiative of GOI is running under the name of Ease of Doing Business in India (EODB). A business starts with the incorporation of an entity. Ministry of Corporate Affairs (MCA) is constantly making e

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About the Author

CS Anupriya Saxena

Partner at JMJA & Associates LLP

Managing PartnerJMJA Associates LLP, Practising Company Secretaries. 14 years of industry experience. Growth is the underlying passion that drives my entrepreneurial spirit. My philosophies are: True entrepreneurs are driven to serve as much as they are called to lead. Embrace Change. Dont just wish for it, Work fo ... Read more

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