ABC Ltd. has altered its name from BCD Ltd. to ABC Ltd. However, the fact of alteration of name of the company was not brought to the notice of NCLT. Please advise the company ABC Ltd. whether it has a right to execute a
CS Executive · Company Law · PYQS · December 2017
ABC Ltd. has altered its name from BCD Ltd. to ABC Ltd. However, the fact of alteration of name of the company was not brought to the notice of NCLT. Please advise the company ABC Ltd. whether it has a right to execute a decree in its new name after the change of name.
Answer & Explanation:
The fact that alteration in the name was not brought to the notice of the Court/ Tribunal would not in any manner render defective or irregular proceedings initiated by a company in its former name. The change of name does not affect the rights of the company. It does not necessary that the new name should have been entered in the decree. [Abdul Qayum (FS) v. Manindra Land & Building Corporation Ltd.]
Topics: Company Administration
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