How to Change Name of the Company?
Change Company Name
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
- 1
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
- 2
Day 6 - 8
Checking availability of new name · Name reservation through ‘RUN’ · Drafting of necessary documents · Modification on MoA and AoA
- 3
Day 9 - 11
Sending documents for getting signed from Applicants · Receiving signed documents from applicants
- 4
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
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), andApproval from the Central Government (via MCA) sc.pages03.net+4Accendoz+4incorpuk.com+4.
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.
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, andThe name-change application is submitted using Form INC‑24 Accendoz+1Accendoz+1.
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.
Answer:The new name becomes official only after the RoC issues a fresh Certificate of Incorporation bearing the new name Accendoz.
Answer:You must apply to update the company’s PAN and other registrations after receiving the fresh Certificate of Incorporation under the new 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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