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Has the express provision(section 23(3) Companies Act, 1956) providing continutiy of rights and obligations in case of change in name been dropped in New Companies Act, 2013 Section 23(3) is brought out here for your ready reference"(3) The change of name shall not affect any rights or obligations of the company, or render defective any legal proceedings by or against it ; and any legal proceedings which might have been continued or commenced by or against the company by its former name may be continued by or against the company by its new name." what can be the implications if dropped.

Section 13- Alteration of memorandum.

Posted By: Jay 10 year(s) ago

This question has been closed if you want to answer,you have to re-open.


Expert    Ankit Singhi

I think it is an implied provision therefore it has not been provided

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