Rectification of company name requires ordinary resolution and government approval when names conflict; noncompliance incurs a daily penalty. Section 22 permits a company whose registered name is identical with or too nearly resembles an existing company name or a registered trade mark to change its name by ordinary resolution with prior written approval of the Central Government; the Central Government may direct a change within prescribed periods, with a proviso limiting late trade mark applications, and prescribes a daily fine for failure to comply with such directions.
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Rectification of company name requires ordinary resolution and government approval when names conflict; noncompliance incurs a daily penalty.
Section 22 permits a company whose registered name is identical with or too nearly resembles an existing company name or a registered trade mark to change its name by ordinary resolution with prior written approval of the Central Government; the Central Government may direct a change within prescribed periods, with a proviso limiting late trade mark applications, and prescribes a daily fine for failure to comply with such directions.
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