CS Divesh Goyal
Quick Summary
SHORT SUMMARY MCA has issued two notifications on 22nd July 2021, Commencement of Section 4 of Companies (Amendment) Act, 2021 and Companies (Incorporation) Fifth Amendment Rules, 2021. As per the notification, both the notifications came into effect from 1st September 2021. A. ANALYSIS OF
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FAQ :
The new rules came into effect on 1st September 2021.
If a company fails to change its name within three months of a direction, the Central Government will allot a new name. This new name will consist of 'ORDNC', the year of the direction, a serial number, and the company's CIN.
'ORDNC' is an abbreviation for 'Order of Regional Director Not Complied'.
After a name change by the Central Government, the company must immediately comply with Section 12 of the Act regarding name changes on letterheads, boards, invoices, and other documents. The statement 'Order of Regional Director Not Complied' must also be mentioned below the company name wherever it is printed or displayed.
No, if a company changes its name voluntarily under Section 13 of the Companies Act, 2013, it is not required to mention the 'Order of Regional Director Not Complied' statement.
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