law: Companies Act, 1956
  Sec 22    -    
  
  Rectification of name of company. 
  (1) If, through inadvertence or otherwise, a
  
  company on its first registration or on its registration by a new name, is
  
  registered by a name which, in the opinion of the Central Government, is
  
  identical with, or too nearly resembles, the name by which a company in
  
  existence has been previously registered, whether under this Act or any
  
  previous companies law, the first-mentioned company : 
  (a) may, by ordinary resolution and with the
  
  previous approval of the Central Government signified in writing, change its
  
  name or new name; and
  (b) shall, if the Central Government so
  
  directs within twelve months of its first registration or registration by its
  
  new name, as the case may be, or within twelve months of the commencement of
  
  this Act, whichever is later, by ordinary resolution and with the previous
  
  approval of the Central Government signified in writing, change its name or new
  
  name within a period of three months from the date of the direction or such
  
  longer period as the Central Government may think fit to allow.
  (2) If a company makes default in complying
  
  with any direction given under clause (b) of sub-section (1), the company, and
  
  every officer who is in default, shall be punishable with fine which may extend
  
  to one thousand rupees for every day during which the default continues.