Greeting to all my hon'ble colleagues.
My nephew started Pvt Ltd Company with his friends, all the Director are his very close friends from the childhood and all of them studied and completed graduation together. After the running of 6 months of the company, in 2011 all of a sudden his mother (my sister-in-law) died. With that unbearable shock, company was discontinued by all of them, as she was mother to all.
All of them now decided to restart the company again, with the same name, style and type.
Now the point is (1) whether they can continue with the same old name, style and type? (2) whether limitation act applies in this regard? Is there any allocation in Company Act and Corporate Law?
Kindly advise at your earliest.
With Best Regards
G. Padmavathi Srinivas
Advocate
High Court – Hyderabad
9491742769
