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    Objects not concile with the name of the Company

    Posted By : Juhee Goyal / Published on : 30-Mar-2023 04:59 AM / View : 176 / Comment : 1

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    Hi Everyone!

    A company already registered with a certain name enters into new set of activities of business which are not in consonance with the name of the company. Can the company continue with such activities of business ?
    Read more on : company name concile objects

    • If a company wants to undertake activities that are not in consonance with its existing name, it can continue with such activities only after changing its name to reflect its new business activities. This is because the name of a company is its identity and reflects its activities and objectives.

      In such a scenario, the company can change its name by passing a special resolution in a general meeting of its shareholders and getting the approval of the Registrar of Companies (ROC) for the new name. The company can then use the new name in all its communication, legal documents, and business activities.

      It is important to note that carrying on activities that are not in consonance with the existing name of the company without changing the name may result in legal and regulatory consequences, such as penalties, fines, and legal proceedings. Therefore, it is advisable for the company to follow the legal process of changing its name before undertaking any new business activities that are not in consonance with its existing name.

      31-03-2023 / 10:40:42 AM
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