Explanatory statement

The Company[*] having its registered office at [*] desires to change its name this explanatory statement
is in pursuance of the same matter and sets out the relevant provisions for the perusal of the members for
their reference regarding the EGM on the same matter.

1. Restrictions on naming
Rule 8 of the Companies (Incorporation) Rules, 2014 requires that a proposed name must not be inter alia
identical with the name of an existing company and also that it should be in consonance of the principal
objectives set out in the objects of the Company*.
Further review regarding Section 13(2), 4(2) and 4(3) of the Act regarding nomenclature;
As per the provisions which have been mentioned it would be prudent to first consider application of
Section 13(2) according to which any change in the name of a company shall be subject to 4(2) under
which the name stated shall not be identical or resemble the name of an existing company and 4(3) under
which a company name shall not be registered with a name which contains any word or expression that is
likely to give the impression of it being related, remotely, or otherwise with the government central,
state or any local authority, and then consider an application under Section 4(4).

2. After the change of the name has been implemented, the memorandum and articles of association
of the company will be available at the registered office of the company for inspection by the
members of the company during the business hours[*].