Why Change Company Name?
Voluntary Change
Due to any justified reason, the directors and the shareholders mutually may voluntarily decide to change the business name. Name of the company can be used to reflect the vision and characteristic of the business. The existing name requires being change in certain situations like trademark claim etc.
Show MoreChange in Business Objective
If the existing name does not reflect the new business activity of the company, name of the company may needed to be changed. If the registrar has directed for change of name to suite business activity, the company must obey the same and apply for change of name.
Show MoreRebranding
Name plays an important role in the value of brand, if it finds the existing name gathering goodwill up to expectation of the owners of the company, they will forced to find a new name. Also with the change or expansion of markets (inside the country or international) it may require considering for a name change to sustain in competitive market conditions.
Show MoreExplore New Horizons
Companies doing business regionally mostly uses the names in regional languages or to suite regional culture and while planning for an expansion of market like nationwide or even to international market, the existing name won’t be easily recognizable for the new markets. In certain circumstances, the owners of the company may need to consider for change of name of the company to make it more recognizable in the expanded markets.
Show MoreChange the Name of Company Online
Documents Required to Change Company Name
- PAN Card PAN Card of the Company
- Certificate of Incorporation Certificate of Incorporation of the Company
- DSC Digital Signature Certificate of one of authorized director
- MoA and AoA Copy of latest amended MoA and AoA
Formulation of Company Name
Build a Unique Identity
Identification plays an important role in making a business outstand in competitive market, build a unique and distinctive name for your business hence enhance your brand’s trust and value. Consumers should identify activity of your business from the brand name so that they can relate your business with its offerings.
Even though it meets all the above criteria, once again make sure that the brand name to be short, easy to remember and simple to pronounce or spell.
Constitution Type
Private Limited Company – Name of the company must end with “Private Limited” (Pvt.Ltd) as a suffix
Public Limited Company – Name must end with “Limited” (Ltd) as a suffix
OPC – The name must end with (OPC) Private Limited as suffix.
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Consultation on Change of Company Name
Provide details & upload documents required for Change Company Name
Search Report on Company Name Availability
Application for Name Reservation
Drafting of necessary documents
Modification of MoA and AoA
Sending the documents for getting signed by applicants
- Receipt of signed documents from Applicants
Filing of application for name change
Getting new Certificate of Incorporation
Sharing of updated MCA master data
You can use new name from now
All it takes 10 – 15 working days*
*Subjected to Government Processing Time
Process of Change Company Name
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Day 1- 5
Consultation on Change Company Name
Conduct Board Meeting to pass a resolution on name change
Collection of Information
Collection of Required Documents (Scanned Copies)
Review of Documents and Information provided
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Day 6 – 8
Checking availability of new name
Name reservation through ‘RUN’
Drafting of necessary documents
Modification on MoA and AoA
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Day 9 – 11
Sending documents for getting signed from Applicants
Receiving signed documents from applicants
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Day 12 – 15
Filing of application for name change
New Certificate of Incorporation with new name
Sharing of updated MCA master data
*Subjected to Government Processing Time
Enquiry
FAQ
What are the approvals needed for changing the name of the company?
To effect the change in name, the company has to obtain following consent or approval:
- Consent from Board
- Consent from the members of the company
- Approval from concerned RoC
- Approval from Central Government
Is a limited company restricted from changing its name?
There is no restriction provided for the name change of a private limited company, which may be the case for a Public company. The names chosen for application must be in conformity with the rules prescribed.
When the application for change should be made?
The application for name change must be made within 30 days of obtaining the consent of members in General Meeting (held after reservation of name). Intimation of resolution is made in form MGT – 14 whereas the application for the name change is made in form INC – 24.
Whether MoA & AoA is required to be altered?
Yes, MoA and AoA, both must be altered with the new name. The copy of the proposed alteration is filed in INC – 24.
When will the new name of company be effective?
It will be effective only after issuance of a fresh Certificate of Incorporation. The concerned officer on his satisfaction of application made will issue a fresh Certificate of Incorporation with a new name.
When should the application for PAN change be made?
Company’s new name can be updated in PAN or any other registration after fresh Certificate of Incorporation is issued. Application to change PAN is included in the package.
What will be the effect of changing company name?
After the change of name, the company has to update its name with all the ministries it is registered with. All the stationeries i.e. Business cards, letterheads, display board, etc. must be updated with a new name. An important change is ratification of contracts entered in the previous name. The parties to contract must ratify said contracts after adopting a new name.