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 (30-DAY MVG. AVG.)
Per cent
7.8 +0.4
Consumer Sentiments Index
Base September-December 2015
44.9 0.0
Consumer Expectations Index
Base September-December 2015
47.2 0.0
Current Economic Conditions Index
Base September-December 2015
41.2 0.0
Quarterly CapEx Aggregates
(Rs.trillion) Sep 19 Dec 19 Mar 20 Jun 20
New projects 3.17 5.24 3.49 0.59
Completed projects 0.84 1.65 1.71 0.19
Stalled projects 0.41 0.61 0.77 0.11
Revived projects 0.43 0.83 0.42 0.55
Implementation stalled projects 0.90 0.15 9.54 0.07
Updated on: 03 Aug 2020 8:28PM
Quarterly Financials of Listed Companies
(% change) Sep 19 Dec 19 Mar 20 Jun 20
All listed Companies
 Income -2.3 -1.7 -4.8 -23.4
 Expenses -3.1 -2.2 -1.7 -25.3
 Net profit -1.3 -10.7 -44.3 -13.5
 PAT margin (%) 5.3 5.1 2.6 9.0
 Count of Cos. 4,447 4,419 3,915 480
Non-financial Companies
 Income -6.3 -5.5 -8.8 -34.4
 Expenses -6.7 -6.4 -4.9 -36.0
 Net profit -13.5 -13.6 -45.9 -32.6
 PAT margin (%) 5.8 5.7 3.6 8.9
 Net fixed assets 10.4 13.1
 Current assets 5.0 3.0
 Current liabilities 5.0 4.6
 Borrowings 8.4 14.6
 Reserves & surplus 5.9 2.3
 Count of Cos. 3,337 3,309 2,993 375
Numbers are net of P&E
Updated on: 03 Aug 2020 8:28PM
Annual Financials of All Companies
(% change) FY18 FY19 FY20
All Companies
 Income 8.4 13.2 5.2
 Expenses 9.8 13.4 2.7
 Net profit -39.9 21.0 38.6
 PAT margin (%) 2.0 2.4 7.6
 Assets 10.9 9.3 10.2
 Net worth 7.5 8.5 9.4
 RONW (%) 3.5 4.4 9.0
 Count of Cos. 26,524 25,174 1,087
Non-financial Companies
 Income 8.6 13.6 0.9
 Expenses 8.7 13.8 -0.4
 Net profit -8.5 23.7 6.4
 PAT margin (%) 2.8 3.2 10.2
 Net fixed assets 7.1 5.0 23.4
 Net worth 6.1 8.4 6.5
 RONW (%) 5.7 7.0 14.1
 Debt / Equity (times) 1.0 1.0 0.6
 Interest cover (times) 2.1 2.4 5.0
 Net working capital cycle (days) 77 70 26
 Count of Cos. 21,646 20,492 792
Numbers are net of P&E
Updated on: 28 Jul 2020 9:46PM