March is among the teams to have lodged an entry for the 2010 Formula 1 World Championship.
March Racing Organisation still exists as a non-trading registered company, despite not having any involvement in motorsport since the F1 team collapsed in the build-up to the 1993 season.
The company is owned by British businessman and chairman of English football club Swindon Town, Andrew Fitton, who acquired March in 1993.
The team is unwilling to make any further comment on its plans until the FIA announces its 2010 entry list on June 12.
AUTOSPORT understands that March has nominated Cosworth as its engine supplier on its application and would have to start up its operation from scratch should it be granted an entry.
March Engineering was co-founded by FIA president Max Mosley, along with Alan Rees, Robin Herd and Graham Coaker.
In 1970, it made its first foray into F1 as both a works team and a customer car supplier, with the Ken Tyrrell-run March 701 of Jackie Stewart taking a debut pole.
In all, March started 197 grands prix, winning the 1970 Spanish, 1975 Austrian and 1976 Italian Grands Prix, before dropping out of F1 for good after the 1992 season, during which it scored just three points.
March is one of a number of teams that has lodged entries for F1. Among its rivals for entries are Prodrive, Lola, Team Superfund, Team US F1, Litespeed, Epsilon Euskadi and Campos Meta1.