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Board Resolution - Rectification of Name

Draft Board Resolution along with Preamble for rectification of name of the Company due to the following reasons: 1. if the name of the Company is identical with or too nearly resembles with the name of other company already in existence. 2. if the name of the Company is identical with or too nearly resembles to a registered trade mark. In all the above cases, the Central Government may direct the company to rectify their name,

Chapter: Chapter -II

Section: Section 16

Rule: The Companies (Incorporation) Rules, 2014

Approximate Time Saving: 1 hour

Product Information

This document consist of draft Board resolution, for rectification of name of the Company, along with Preamble in editable word format making it handy for you to use and save your time and efforts.   

Additional Information

Section 16

(1) If, through inadvertence or otherwise, a company on its first registration or on its registration by a new name, is registered by a name which,— 


(a) in the opinion of the Central Government, is identical with or too nearly resembles the name by which a company in existence had been previously registered, whether under this Act or any previous company law, it may direct the company to change its name and the company shall change its name or new name, as the case may be, within a period of three months from the issue of such direction, after adopting an ordinary resolution for the purpose; 


(b) on an application by a registered proprietor of a trade mark that the name is identical with or too nearly resembles to a registered trade mark of such proprietor under the Trade Marks Act, 1999, made to the Central Government within three years of incorporation or registration or change of name of the company, whether under this Act or any previous company law, in the opinion of the Central Government, is identical with or too nearly resembles to an existing trade mark, it may direct the company to change its name and the company shall change its name or new name, as the case may be, within a period of six months from the issue of such direction, after adopting an ordinary resolution for the purpose. 

(2) Where a company changes its name or obtains a new name under sub-section (1), it shall within a period of fifteen days from the date of such change,  give notice of the change to the Registrar along with the order of the Central Government, who shall carry out necessary changes in the certificate of incorporation and the memorandum. 


(3) If a company makes default in complying with any direction given under sub-section (1), the company shall be punishable with fine of one thousand rupees for every day during which the default continues and every officer who is in default shall be punishable with fine which shall not be less than five thousand rupees but which may extend to one lakh rupees. 

Attachments

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Rectification of name