MCA extends expiration of names reserved for company incorporation by 20 days

For those names expiring between 15-31 May 2020

by Natasha Nadkar

The Ministry of Corporate Affairs (MCA) has extended the expiration of names reserved for company incorporation by 20 days from 31 May 2020 for those reserved names that were expiring between 15-31 May 2020, as per a report in Economic Times. Similarly, the expiration of names reserved for change of name by existing companies has been extended by another 60 days from 31 May 2020. The MCA has granted extension of names reserved for incorporation and change of name by 20 days from 31 May 2020 for limited liability partnerships (LLPs). Further, service requests were extended by 15 days for which the last date of re-submission was falling between 15-31 May, on a case-to-case basis.

References
1. https://economictimes.indiatimes.com/news/economy/policy/mca-extends-expiration-of-names-reserved-for-company-incorporation-by-20-days/articleshow/75861852.cms
CMIE STATISTICS
Unemployment Rate
Per cent
24.0 -0.2
Consumer Sentiments Index
Base September-December 2015
40.6 0.0
Consumer Expectations Index
Base September-December 2015
42.0 0.0
Current Economic Conditions Index
Base September-December 2015
38.5 0.0
Quarterly CapEx Aggregates
(Rs.trillion) Jun 19 Sep 19 Dec 19 Mar 20
New projects 1.12 2.19 5.02 3.07
Completed projects 0.88 0.85 1.65 1.30
Stalled projects 0.13 0.41 0.60 0.59
Revived projects 0.29 0.54 0.83 0.42
Implementation stalled projects 0.98 0.85 0.15 5.75
Updated on: 28 May 2020 9:28AM
Quarterly Financials of Listed Companies
(% change) Jun 19 Sep 19 Dec 19 Mar 20
All listed Companies
 Income 4.7 -2.2 -1.7 0.3
 Expenses 2.7 -3.1 -2.2 1.7
 Net profit 17.4 -2.4 -10.2 -2.3
 PAT margin (%) 6.2 5.3 5.2 9.8
 Count of Cos. 4,466 4,425 4,375 290
Non-financial Companies
 Income 2.4 -6.4 -5.4 -3.8
 Expenses 1.7 -6.7 -6.3 -3.4
 Net profit -8.7 -14.5 -13.2 4.8
 PAT margin (%) 6.3 5.8 5.8 11.5
 Net fixed assets 10.4 23.4
 Current assets 4.9 10.2
 Current liabilities 4.9 10.0
 Borrowings 8.5 16.7
 Reserves & surplus 6.1 15.2
 Count of Cos. 3,347 3,323 3,279 231
Numbers are net of P&E
Updated on: 28 May 2020 9:28AM
Annual Financials of All Companies
(% change) FY17 FY18 FY19
All Companies
 Income 6.1 8.1 14.8
 Expenses 6.1 9.6 15.1
 Net profit 26.2 -40.0 21.8
 PAT margin (%) 3.3 2.0 3.2
 Assets 8.6 10.9 10.0
 Net worth 9.6 7.5 9.2
 RONW (%) 5.8 3.5 5.3
 Count of Cos. 28,088 25,721 16,984
Non-financial Companies
 Income 5.8 8.3 15.6
 Expenses 6.0 8.4 16.0
 Net profit 22.9 -8.8 20.4
 PAT margin (%) 2.9 2.8 4.1
 Net fixed assets 9.2 6.9 5.8
 Net worth 8.9 6.0 8.7
 RONW (%) 6.2 5.7 8.3
 Debt / Equity (times) 1.1 1.0 0.8
 Interest cover (times) 2.0 2.2 2.8
 Net working capital cycle (days) 85 76 56
 Count of Cos. 22,931 20,946 13,206
Numbers are net of P&E
Updated on: 20 May 2020 11:49AM