Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Companies with Duplicate Names Must Change within 3-6 Months or Face Daily Fines as per Section 16.</h1> If a company is registered with a name identical or too similar to an existing company or trademark, the Central Government can mandate a name change. This must occur within three months if the name resembles another company, or within six months if it resembles a trademark, following an ordinary resolution. The company must notify the Registrar within fifteen days of the name change. Non-compliance results in fines of one thousand rupees per day for the company and fines ranging from five thousand to one lakh rupees for responsible officers.
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