Conversion and change of company name

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CA PARAG SONI (Querist)
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23 April 2012 Sir,My client has converted pvt. co to public and also changed the name. The company has registered mortgage and created charge with ROC. Now the bank is force to create new mortgage deed due to change in company name. Please advise.

Ajay Mishra

Ajay Mishra (Expert)
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23 April 2012 Hi

There is no need to create new mortgage deed due to change in company name.

Please send a copy of MOA along with Certified copy of shareholders resolution for change of name of the company and said in letter that all liabilities of the company will be same after change of name.

Regards

CA.Kanhaiyalal Gupta

CA.Kanhaiyalal Gupta (Expert)
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23 April 2012 Yes I am agree with Ajay

Jiten Gupta

Jiten Gupta (Expert)
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24 April 2012 Agree with Ajay Sir!!

CA PARAG SONI

CA PARAG SONI (Querist)
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24 April 2012 Thank you very much. But i need to provide the bank written proof to prove the same can you mail me or refer some provisions or section in support of the answer.

Ajay Mishra

Ajay Mishra (Expert)
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24 April 2012 Hi

Please check your shareholders resolution for the same. In which it says the name of the company will be from this to this and on the basis of which MCA change the name and issue a new COI.

I also suggest you to read the COI for the same.

Regards

CA PARAG SONI

CA PARAG SONI (Querist)
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24 April 2012 Thank u very much sir.

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