Section IV
Prohibition against identity of names in registered Companies.
The Joint-stock Companies Act, 1857
About this Act
An Act to make better provision for the order and good government of the Suburbs of Calcutta and of the station of Howrah.
No Company shall be
registered under a name identical with that by which a subsisting Company is already registered, or
deceive; and if any Company, through inadvertence or otherwise, is registered by a name identical
with that by which a subsisting Company is registered, or so nearly resembling the same as to be calculated to deceive, such first-mentioned Company may, with the sanction of the Registrar, and
shall, if required by him so to do, change its name, and upon such change being made, the Registrar
shall enter the new name on the Register in the place on the former name ; but no such alteration of
name shall affect any rights or obligations of the Company or of any member thereof, or render
defective any legal proceedings instituted or to be instituted by or against the Company; and any legal
proceedings may be continued or commenced against the Company by its new name, that might have
been continued or commenced against the Company by its former name.