Pvt ltd company name change

This query is : Resolved

Pranav shastry (Querist)
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01 May 2013 Can the name of a private ltd company which is run by 4 directors changed at the discretion of ONLY 2 directors?

A quick reply would be much appreciated.Thanks in anticipation.

Ankur Garg

Ankur Garg (Expert)
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02 May 2013 For change of name of the company approval of shareholders through special resolution u/s 21 would be required. So you can have a valid board meeting as far as quorum is concerned under section 287.
After approval by board call a general meeting where consent of shareholders would be obtained to change the name of the company.

Thanks

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Ankur Garg

Ankur Garg (Expert)
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02 May 2013 For the complete procedure of change of name of the company, please go through the link mentioned below:

https://www.caclubindia.com/articles/pcc-useful-change-in-name-of-the-company-3853.asp#.UYIKDlIvqp0

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Pranav shastry

Pranav shastry (Querist)
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02 May 2013 Thanks Ankur for all the info...
I would make my question more specific...the situation is that 2 directors want a name change and the other 2 oppose any change in name.

So can the 2 directors in favor of name change succeed in doing so?

thanks again

V K Bajaj

V K Bajaj (Expert)
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02 May 2013 No

Consent of three directors out of four is must.

Further if majority of the Directors give their consent then a notice is to be given to all share holders for Extra Ordinary General Meeting.

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Pranav shastry

Pranav shastry (Querist)
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04 May 2013 Thanks again :)

Does the same apply to closure of company?

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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13 June 2013 You have to apply for the new name also and then under go the procedure as suggested by the experts.

For closer of the company simple resolution signed by all the directors shall be sufficient. Your CA will do the rest.