Dipjyoti Majumdar (CA in service & CS. dipmaj@ rediffmail.com ) (3468 Points)
15 June 2011Friends
If a private company becomes a public company due to becoming a subsidiary of another public company, can the originally private company continue with the words "pvt ltd" after its name ? Or it is required to change its name under section 21 of the CA 1956.
Thanks
Deepesh Khatri
(CA)
(167 Points)
Replied 15 June 2011
Pursuant to becoming a subsidiary of a public company, it is only treated as a public company for the procedural and filing provisions under the Companies Act, 1956.
It can keep using the words "Private Limited" in its name.
Rajnikant Vadigoppula
(CA, CS And CMA Final)
(919 Points)
Replied 15 June 2011
its need to amend its name in name clause of MOA by passing a resolution in GM.
required to submit form 1A again to ROC with the copy of amended MOA and AOA.
IT NEED TO CHANGE THE NAME IN ALL DOCUMENTS, PAPERS, LETTER HEAD, ETC...
Rajnikant Vadigoppula
(CA, CS And CMA Final)
(919 Points)
Replied 15 June 2011
REQUIRED TO RAISE ITS PAID UP CAPITAL UPTO 500000 ( FIVE LACS) IF IT LESS THAN 500000.
CHANGE OF NAME IS MANDATORY
CAclubindia
