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Change Company Name

How to Change Name of the Company?

How to Change Name of the Company?

Name of a company can be changed at any time after its incorporation with the interest of directors and shareholders. Being a separate legal entity regulated by law, it has to follow a specific process provided by the Companies Act, 2013. Consent from members has to be obtained by conducting a board meeting and once gets consent from members, name reservation and approval from Central Government should be obtained. Fresh Certificate of Incorporation will be issued by RoC in new name after updating the Register of Companies. The change of name does not affect the existence of the company, which leaves all the assets and liabilities unaffected.

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    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 Less

    Change 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 Less

    Rebranding

    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 Less

    Explore 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 Less

    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.

    Change Name of a Company in 3 Easy Steps

    Step 01

    Fill up the registration form

    • Select any package suits your requirement
    • Fill up the form which will take less than 10 minutes
    • Make payment through secure payment gateway.

    Step 02

    BookMyTM is Here to Help

    • Your queries will be answered quickly and effectively
    • 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

    Step 03

    You can use new name from now

    • Getting new Certificate of Incorporation
    • Sharing of updated MCA master data

    All it takes 10 – 15 working days*
    *Subjected to Government Processing Time

    Process of Change Company Name

    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

    Day 6 - 8

    • Checking availability of new name
    • Name reservation through ‘RUN’
    • Drafting of necessary documents
    • Modification on MoA and AoA

    Day 9 - 11

    • Sending documents for getting signed from Applicants
    • Receiving signed documents from applicants

    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

    FAQ

    1. What are the approvals needed for changing the name of the company?

    Answer:
    To change the company’s name, you must obtain:
    • Consent from the Board of Directors,
    • Consent from the members/shareholders via a resolution,
    • Approval from the concerned Registrar of Companies (RoC), and
    • Approval from the Central Government (via MCA) sc.pages03.net+4Accendoz+4incorpuk.com+4.

    2. Is a limited company restricted from changing its name?

    Answer:
    No. A private limited company may freely change its name, subject to compliance with naming rules and regulations. While public companies face more stringent restrictions, private companies must ensure the new name conforms to legal norms Accendoz.

    3. When should the application for change be made?

    Answer:
    You must make the application within 30 days of obtaining members’ consent (passed after name reservation).
    • The resolution is notified via Form MGT‑14, and
    • The name-change application is submitted using Form INC‑24 Accendoz+1Accendoz+1.

    4. Do MoA & AoA need to be altered?

    Answer:
    Yes. Both the Memorandum of Association (MoA) and Articles of Association (AoA) must be amended to reflect the new name, and the alteration is filed through Form INC‑24 Accendoz+1Accendoz+1.

    5. When will the new name of the company be effective?

    Answer:
    The new name becomes official only after the RoC issues a fresh Certificate of Incorporation bearing the new name Accendoz.

    6. When should the application for PAN change be made?

    Answer:
    You must apply to update the company’s PAN and other registrations after receiving the fresh Certificate of Incorporation under the new name .

    7. What will be the effect of changing the company name?

    Answer:
    • All existing rights and liabilities of the company remain intact.
    • Ongoing legal proceedings continue seamlessly.
    • The company can enforce contracts in its new name.
    • For the next two years, the former name must still be displayed on letterheads, invoices, and official communications
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