📝 A Small Change That Could Make a Big Impact in Company Incorporation

📝 A Small Change That Could Make a Big Impact in Company Incorporation

To the Ministry of Corporate Affairs (MCA), Government of India
As a practicing Company Secretary, I, CS Hannu Goyal, wish to bring attention to an area of the SPICE+ name reservation process that could be refined for greater efficiency and fairness.

Current Concern:

Presently, when a company name application is rejected on the SPICE+ portal, applicants are allowed only one resubmission attempt. In contrast, the LLP name reservation system offers two resubmission chances.
From practical experience, I have seen that many name rejections occur due to:

Minor typographical errors

Interpretational differences in name similarity

Discretionary rejection on grounds that could be clarified

Having only one chance to correct such issues often leads to:

Additional application fees

Time-consuming delays

Frustration for entrepreneurs

A complete restart of the process

Suggestion:

Allow two resubmission attempts for company name reservations under the SPICE+ system, just like LLPs.

Benefits of This Small but Meaningful Change:

✅ Reduces unnecessary delays and costs for startups and professionals

✅ Ensures fairness and parity between company and LLP incorporations

✅ Promotes Ease of Doing Business, encouraging entrepreneurship and reducing red tape

This proposal aligns with the government’s vision of promoting a business-friendly environment and improving regulatory processes for professionals and new businesses alike.

📩 I humbly urge the MCA to consider this recommendation as a step toward enhancing India’s business incorporation ecosystem.

CS Hannu Goyal
Company Secretary,
Hannu Goyal & Associates
📞 9802953072
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