No CIC charges apply when only a company's name changes and ownership or shareholding remains unchanged.

Where only a company's name changes and its ownership or shareholding remains unchanged, Clause 3.4 of the Greater Noida transfer policy states that no CIC charges are payable. The allottee company showed that its corporate identity, business, and shareholding pattern continued unchanged, and that the authority had already updated its records to reflect the name change. In those circumstances, the demand notice was contrary to the authority's own policy and lacked legal justification, and the CIC charge demand was quashed as illegal.

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Issues: Whether change in the company's name, without any change in ownership or shareholding, attracted change in shareholding charges under the Greater NOIDA policy.

Analysis: The allottee company established that the corporate entity remained the same before and after the name change, that the business and shareholding pattern continued unchanged, and that the authority had already recorded the name change in its records. Clause 3.4 of the transfer policy provided that where there is only a change in name and ownership or shareholding has not changed to any extent, no CIC charges are applicable. On that basis, the demand notice was contrary to the authority's own policy and lacked justification.

Conclusion: The demand for CIC charges was held to be illegal and was quashed.

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