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Company Name Change
Name
Change of the Company
A Company being a legal entity
must have a name to establish its identity. Name Clause in
the Memorandum of Association should not be identical with the existing company’s
name.Name clause being the foremost clause
in the Memorandum of Association name by which the company is known.
A company desiring to change its name may do so in accordance
with the provisions of Section 13 of the Companies Act, 2013. A company by passing
special resolution and with the approval of the Central Government signified in
writing change its name.
However, if the only change required is the
addition thereto or deletion there-from, of the word “Private”, no such
approval of Central Government is required.
The change of name is not allowed
to a company which has not filed annual returns or financial statements are due
for filing with the Registrar or which has failed to pay or repay matured
deposits or debentures.
