Change in name of a company
This query is : Resolved
CS Arvind meena
(Querist)
23 April 2013
What are the differences between section 21 and 22 of the companies act 1956 in respect of change in name of a company??
Ajay Mishra
(Expert)
24 April 2013
Hi
Section 21 deal with change of name of existing company as per managment decision. But under section 22, the name of the existing company is ratified by the MCA or CG in certain circumstances.
In case if the name of a company on its registration or on registration with changed name, it has come to the knowledge of the company or if in the opinion of the Central Government the name of the company is identical or closely resembles the name of a company which is already in existence, such company on the knowledge of the facts itself or by the Central Government, may be asked by the Central Government to change the name within 12 months of incorporation or change in the name of the company as the case may be.
Section 21 deal with change of name of existing company as per managment decision. But under section 22, the name of the existing company is ratified by the MCA or CG in certain circumstances.
In case if the name of a company on its registration or on registration with changed name, it has come to the knowledge of the company or if in the opinion of the Central Government the name of the company is identical or closely resembles the name of a company which is already in existence, such company on the knowledge of the facts itself or by the Central Government, may be asked by the Central Government to change the name within 12 months of incorporation or change in the name of the company as the case may be.
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