Allotment of a new name to the existing company under section 16(3) of the Act – MCA Notification No. GSR 503(E) dated 22.07.2021

MCA vide Notification No. GSR 503(E) dated 22.07.2021 inserts a new rule 33A in Companies(Incorporation) Rules, 2014 which states that in case a company fails to change its name or new name 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” (“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 new name of the company without any further act or deed by the company, and the Registrar shall accordingly make entry of the new name in the register of companies and issue a fresh certificate of incorporation in Form No.INC-11C.

Allotment of a new name to the existing company under section 16(3) of the Act – MCA Notification No. GSR 503(E) dated 22.07.2021 Read Post »