law: Companies Act, 1956
  Sec 23     -    
  
  Registration of change of name and effect thereof. 
  (1) Where a company changes its name in
  
  pursuance of section 21 or 22, the Registrar shall enter the new name on the
  
  register in the place of the former name, and shall issue a fresh certificate
  
  of incorporation with the necessary alterations embodied therein; and the
  
  change of name shall be complete and effective only on the issue of such a
  
  certificate.
  (2) The Registrar shall also make the
  
  necessary alteration in the memorandum of association of the company.
  (3) The change of name shall not effect 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.