Companies (Incorporation) Fifth Amendment Rules, 2021
Jul 23, 2021
The Ministry of Corporate Affairs (MCA) on July 22, 2021 has issued the Companies (Incorporation) Fifth Amendment Rules, 2021 to further amend the Companies (Incorporation) Rules, 2014.
The following amendments have been made:
• Rule 33A, which specifies the allotment of a new name to the existing company under section 16(3) of the Act, has been inserted, namely:
“In case a company fails to change its name or new name, as the case may be, in accordance with the direction issued under sub-section (1) of section 16 of the Act within a period of three months from the date of issue of such direction, the letters “ORDNC” (which is an abbreviation of the words “Order of Regional Director Not Complied”), the year of passing of the direction, the serial number and the existing Corporate Identity Number (CIN) of the company shall become the…
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