Name Reservation or Approval
With the amendment made in Companies Act, 2013 the key changes introduced under section 4 of Companies Act, 2013 for Name Reservation/Approval:
FOR NEW COMPANY:
The registrar on the basis of information and documents furnished along with the application, reserve name for a period of twenty days from the date of approval or such other period as may be prescribed, thereby the period of name reservation is reduced to twenty days from sixty days.
FOR EXISTING COMPANY:
An application for reservation of name or for change of its name by an existing company , the registrar may reserve the name for a period of sixty days from the date of approval.