Section 11 — Rectification of name of a company

(1) A company which,
through inadvertence or otherwise, is registered by a name in contravention of the
provisions of section 10 or the name was obtained by furnishing false or incorrect
information—

(a) may, with approval of the registrar, change its name; and

(b) shall, if the registrar so directs, within thirty days of receipt of such
direction, change its name with approval of the registrar:

Provided that the registrar shall, before issuing a direction for change of the
name, afford the company an opportunity to make representation against the
proposed direction.

(2) If the company fails to report compliance with the direction issued
under sub-section (1) within the specified period, the registrar may enter on the
register a new name for the company selected by him, being a name under which
the company may be registered under this Act and issue a certificate of
incorporation on change of name for the purpose of section 13.

(3) If a company makes default in complying wi th the direction issued
by the r egistrar under sub -section (1) or continue using previous name after th e
name has been changed by the r egistrar under sub-section (2), shall be liable to a
penalty of level 1 on the standard scale.