Change in name

Dear Members,

Facts:

  • Name of the Co. has been changed from ABC Pvt. Ltd. to XYZ Pvt. Ltd. w.e.f. June 1, 2015. Ltd.
  • BOD meeting to be held on June 20, 2015 to adopt the accounts for the year ended Mar 31, 2015.
  • Name is ABC as on balance sheet date i.e. Mar 31, 2015 but the name has changed to XYZ as on signing date i.e. June 20, 2015

Queries:

  1. Financials for the year ended Mar 31, 2015 have to be prepared in the name of ABC or XYZ (Formerly known as ABC)
  2. Financials to be signed by the Board of Directors/ CFO/ CS for and on behalf of ABC or XYZ (Formerly known as ABC)
  3. Financials and Annual report to be prepared using the stationery (logo etc.) of ABC or XYZ

In my view, Financials should be prepared in name of ABC and signed on behalf of XYZ using stationery of XYZ.

Request for your valuable comments on the subject matter.

Thanks

Replies (2)

There is no doubt that the name applicable on the date of Board meeting when Balance Sheet is approved and signed is relevant.  Hence it will be XYZ Pvt Ltd at all places.  For the sake of clarity you may write in bracket ("Formerly known as ABC Pvt Ltd")..

 

@ Agrawal: Thanks for response. However, pls note that name change is "post balance sheet event" & it is not retrospective. Accounts are dated Mar 31 & on that date name was ABC.

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