Change of company name & ownwership of assets procedure.

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 March 2012 WHEN THERE IS CHANGE OF NAME OF COMAPANY WHAT FORMALITIES ARE REQUIRE TO COMPLETE?

I.E. SUPPOSE ABC CO HAS CHANGE THE NAME TO XYZ CO, & HE GET THE APPROVAL FROM THE CENTRAL GOVT.

THEN HOW THE PROPERTIES THAT IS LAND & BUILDING ,MACHINERY IS GOING TO TRANSFER WITH NEW NAME OF THE COMPANY?

IS STAMP DUTY IS REQUIRE TO PAY?
PLEASE GUILDE FROM THE LAGAL POINT OF VIEW

CS.ADITYA KELKAR

CS.ADITYA KELKAR (Expert)
Follow

16 March 2012 Dear Friend,

Firstly : If there is only change in name of the Company , keeping the activities same. eg : XYS TECHNOLOGIES PVT LTD to be changes to ABC TECHNOLOGIES PVT LTD, in this case there is no change in activity , but only change in Name.
This is possible.;

Second : IN case of name change there is no , change in the ownership of the holder of asset .i.e : there is no transfer of asset, so no Stamp duty;