https://www.taxtmi.com/caselaws?id=312691 The HC dismissed an appeal regarding company name change under Section 21 of the Companies Act, 1956. The court held that when a company changes its name, no new entity comes into existence - the original company continues with the same liabilities and obligations. Even complete transfer of shareholding does not create a new company, as the corporate entity remains distinct from its shareholders. The company that changed its name from BNK to GVSPL remained liable as sub-lessee despite the name change and share transfer. The court found no infirmity requiring interference in the lower court's decision. en-us Tue, 05 Feb 2019 00:00:00 +0530 Sat, 02 Mar 2024 05:42:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312691 The HC dismissed an appeal regarding company name change under Section 21 of the Companies Act, 1956. The court held that when a company changes its name, no new entity comes into existence - the original company continues with the same liabilities and obligations. Even complete transfer of shareholding does not create a new company, as the corporate entity remains distinct from its shareholders. The company that changed its name from BNK to GVSPL remained liable as sub-lessee despite the name change and share transfer. The court found no infirmity requiring interference in the lower court's decision. Case-Laws Indian Laws Tue, 05 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312691