Registrars of Companies advised not to permit change of name during pendency/hearing of a petition for alteration of object clause(s) under section 17 before Company Law Board - Companies Law - CIRCULAR NO. 4/96

CIRCULAR NO. 4/96 [F. NO. 3/7/96-CLV], DATED 13-5-1996, ISSUED BY THE DEPARTMENT OF COMPANY AFFAIRS Subject:- Registrars of Companies advised not to permit change of name during pendency/hearing of a petition for alteration of object clause(s) under section 17 before Company Law Board I am directed to state that it has come to the notice of the Department that in Northern and Eastern Regions, sometimes the Registrars of Companies are permitting change of name of a company based on the company pursuing certain provisions listed in 'other objects' as contained in its memorandum of association. This change of name is being done while a petition is already lying before the Company Law Board ('CLB') for shifting 'object(s)' given in 'other objects' to main objects in memorandum of association. The aforesaid action of the Registrar of Companies amounts to prejudging the issue particularly when the matter is pending before CLB under section 17 of the Companies Act, 1956 for approval of the CLB for shifting a provision from other objects to the main objects clause in memorandum of association. In view of the above circumstances, you are advised not to permit change of name during the pendency of a petition under section 17 before CLB.