Where a company after registration feels that the name of the company is not appropriate and it requires change then it has to follow the procedure defined in the companies ordinance, 1984 which is mentioned as under:
In order to change the name of the company the company has to pass a special resolution in the meeting of the members of the company. Special resolution means a resolution which is passed by at least 2/3 of the members of the company.
Once the resolution of change of name is passed by the company through requisite majority or by 2/3 of the total number of members of the company next step is to make an application to the registrar of the companies for availability of name.
Registrar of companies normally takes 3 to 4 working days to reply about name availability. Further companies’ ordinance, 1984 also mentions the fact that permission of registrar is not required if the only addition is that of the word limited upon conversion of public company into private company or wise versa.
Once the name of the company is confirmed to be change then the company should for a period of one year mention its old name along with the new name outside every office and place of business. Furthermore change of name of the company will not affect any legal proceeding that might have initiated against the company.
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