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MCA tweaks norms relating to change in name of Co.; inserts new rule for allotment of a new name to existing Co. u/s 16(3)

July 23, 2021
The MCA has notified the Companies (Incorporation) Fifth Amendment Rules, 2021 whereby a new rule 33A relating to the allotment of a new name to the existing Co. under section 16(3) of the Companies Act, 2013 has been inserted. As per the new rule, Co.s name would be changed to “ORDNC, serial number and existing CIN of the Company shall become a new name on non-compliance of the directions issued u/s 16(3) of the Companies Act, 2013.
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