Application for Extension of Time Period for Reservation of Corporate Name
Overview of this form
The Application for Extension of Time Period for Reservation of Corporate Name is a legal document allowing an applicant to request an extension for the exclusive use of a reserved corporate name. This form is necessary when the applicant cannot file for incorporation within the initial reservation period. It differs from a standard reservation application by specifically addressing the need for additional time to secure the corporate name.
Key components of this form
- Recipient: Title and address of the official receiving the application.
- Reference Statute: Citation of the legal statute under which the reservation was made.
- Reservation Details: Original corporate name, name of the applicant, and time period of the initial reservation.
- Reason for Delay: A statement explaining the inability to file for incorporation.
- Extension Request: New time period requested for the corporate name reservation.
- Applicant's Signature: Signature of the applicant along with their name and title.
When this form is needed
This form should be used when you have reserved a corporate name but realize that you will not be able to file your articles of incorporation before the reservation period expires. It's crucial to submit this application before the expiration of the current reservation to maintain your claim on the corporate name.
Who should use this form
- Individuals or entities that have previously reserved a corporate name.
- Applicants who need more time beyond the initial reservation period.
- Business owners planning to incorporate but facing delays in the process.
Instructions for completing this form
- Identify the official: Fill in the title and address of the state official receiving your application.
- Cite the statute: Include the citation for the statute that authorized your original reservation.
- Provide name details: Fill in the reserved corporate name and your details as the applicant.
- State your reasons: Clearly explain why you cannot file for incorporation before the reservation expires.
- Choose an extension length: Specify how many additional days you need for the reservation.
- Sign and date: Ensure the form is signed and dated by the applicant.
Notarization requirements for this form
This form does not typically require notarization unless specified by local law. It is advisable to verify any notary requirements in your jurisdiction before submitting your application.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Common mistakes
- Failing to submit the application before the initial reservation period ends.
- Not providing a compelling reason for the delay in filing for incorporation.
- Leaving out required signatures or failing to date the application.
Why complete this form online
- Convenient access, allowing you to complete and download the form at your own pace.
- Editability, enabling customization for your specific state requirements.
- Reliable templates that have been drafted by licensed attorneys, ensuring legal accuracy.
Legal use & context
- Ensures a applicant's legal right to the corporate name while delaying incorporation.
- Can provide a safeguard against unauthorized use of the reserved name by others during the extension period.
- Must adhere to the specific corporate naming regulations of the state in which incorporation is sought.
Main things to remember
- Use this form to extend the reservation of a corporate name.
- Provide clear reasons for the delay in filing articles of incorporation.
- Consult state laws for specific requirements and procedures regarding corporate name reservations.
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FAQ
Government verifies the name and approves it if it finds it ok. Once the name is approved, the promoters need to file the incorporation form within 60 days. This is because the name is valid for 60 days. The 60 days period is known as name validity period which has been reduced to 20 days.
MCA RUN (Reserve Unique Name) Company Name Approval Process. The complete name of proposed name, including suffix like (OPC) Private Limited / Private Limited / Limited, should be submitted at the time of application for approval. Also, the object of the proposed Company is also to be submitted through RUN application.
An application for registration, formerly called a certificate of authority, is filed by a foreign corporation, limited liability company, limited partnership, limited liability partnership, professional association, or other foreign entity as listed in section 9.001 of the Texas Business Organizations Code when the
Reserving the name establishes your intent to use it and prevents others from claiming it in the meantime.Business name reservations can be limited to a certain period of time. For example, you can reserve a business name in California for just 60 days, but it's 120 days for domestic corporations in New Jersey.
A name can be reserved for a period of 60 days. Fees and instructions for reserving a name are included on the Name Reservation Request Form (PDF).
SRN Generation: Upon successful submission of the proposed name in the RUN form, an SRN will be generated. Challan Generation: Email: Approval / Rejection Letter: Resubmission of the e-form: Fee rules:
The MCA RUN name application form automatically detect and prevents users from applying for a company name that is identical to an existing company or LLP name.Before the expiry of the 20 days mentioned on the name approval, the applicant must file the application for incorporation of the company.
MCA has extended the 90-day time limit to submit FiLLiP/Form 5 for name reservation by newly incorporated LLPs or for LLP name change reservation until 23rd May 2020, for names expiring any day between 15th March and 3rd May 2020. 5.
TIME PERIODS FOR THE RESERVATION OF A COMPANY NAME Most people want to register the Company in any case as fast as possible, but it is good to know that the name can be reserved for 6 months if one needs it to be reserved while you get your affairs in order.
