Notification date

22.07.2021

Subject

Commencement of Section 4 of Companies Amendment Act, 2020

Effective date

01.09.2021

Applicability

All Companies

Brief description

MCA appoints the 1^st September, 2021 as the date on which the provisions of section 4 of  Companies Amendment Act, 2020 shall come into force.

4.  Amendment of section 16 of Companies Act, 2013. 

In section 16 of the principal Act,—
(i) in sub-section (1), in clause (b), for the words “period of six months”, the words “period of three months” shall be substituted;

(ii) for sub-section (3), the following sub-section shall be substituted, namely:—

“(3) If a company is in default in complying with any direction given under sub-section (1), the Central Government shall allot a new name to the company in such manner as may be prescribed and the Registrar shall enter the new name in the register of companies in place of the old name and issue a fresh certificate of incorporation with the new name, which the company shall use thereafter:

Provided that nothing in this sub-section shall prevent a company from subsequently changing its name in accordance with the provisions of section 13.”.