Govt changes rules related to incorporation of companies

UPSC Practice recommends Govt changes rules related to incorporation of companies.

Section 16 relates to rectification of a company name subject to various conditions, including that the government may direct changing a firm’s name if it is identical with or too nearly resembles the name of an existing company. In case such a direction is issued, the same has to be implemented by the company concerned within three months.

Courtesy: News-Economic Times

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