company State briefly the procedure to be followed by a company

Is it possible to change the name of a company State briefly the procedure to be followed by a company to change its name.Alteration of name clause or

change of name Section 21]. A company may change its name by passing a special resolution and with the approval of the Central Government in writing

Section 21). But if a company has been registered with a name which subsequently appears to be undesirable or resembling the name of another

company, it may change its name by passing an ordinary resolution and wi the approval of the Central Government (Section 22 (1) (a»). In such a case

the Central Government can also within 12 months of the first registration or registration under the changed name direct the company to change its name

Section 22 (1) (b»). If a direction is issued the company must change its name within 3 months from the date of the direction unless the time is

extendedSection 23).However, change of name which merely involves the deletion or addition of the world 'Private' on the conversion of a public company

into a private company or vice versa does not require the approval of the Central Government.
The change of name must be notified to the Registrar within 30 days of the passing of the resolution. A copy of the approval of the Central Government
shall also be filed with the Registrar within three months from the date of approval Order. When a company changes its name, it becomes the duty of the
Registrar to enter the new name in the register and to issue a new certificate of incorporation with necessary alterations. Change of name becomes

effective only on the issue of such a certificate.The change of name by a company does not affect the rights and obligations of the company, or render

defective any legal proceedings by or against it. Section 23(3»).