Change Company Name
The act of changing a company operating under a government name is known as a “corporate name change”. Rebranding, mergers, legal obligations, or changes in company priorities are just a few reasons for this. Following are the basic procedures for renaming a project.
Served Over 8000 Startups and MSMEs
4.6/5 Google Review
A policy of 100% satisfaction guaranteed
INTRODUCTION
Know about company name change
Once incorporated, a business can change its name at any time. Being a statutory and regulated business, the guidelines provided in the Companies Act 2013 must be followed.The disclosure involves meetings of the board with members to seek their permission and then providing a confidential and centrally approved list the changes. Once the company has been renamed, the RoC will issue a new certificate confirming the new name. The continuing existence of the company is not affected by the name change, and therefore all of its assets and liabilities remain unchanged.
Why change company name?
Voluntary Change
For any justifiable cause, the directors or the shareholders may jointly decide to alter the company name voluntarily. Names may be used to express a company's mission or any other feature. Another reason to modify a company name is to make the brand more approachable and simple for customers to use.
Change in Business Objective
A name change could be necessary if the company's goals alter. The name may be updated to better represent the new goal if it does not now accurately reflect it. If the Registrar has instructed the firm to seek for a change in this situation, it must do so.
Enhance Brand Value (Rebranding)
The company's name conveys its brand value, thus changing it is frequently done with the purpose of enhancing that value. Additionally, in industries where trends shift over time, a suitable name may be selected to align with the trend and establish a unique brand. A name change may be an effective marketing tactic to raise the value of a brand.
Discard boundaries assumed by name
The name establishes the bounds of operations through the use of terms that denote geographic regions or offers. Demands for reducing limits implied by the term are part of the expansion achieved by capturing a large market. Furthermore, the name has to be altered to better target the intended audience if it is no longer relevant to the given goods or services.
A LIST OF DOCUMENTS
Documents required to change the limited company name
Digital Signature Certificate
DSC from a designated director must be given
MoA & AoA
DSC from a designated director must be given
CoI
The company's certificate of incorporation will be given.
PAN Card
A copy of the company's PAN card must be supplied.
Do you require help? Fear not—experts are on hand to assist!
Dial : 7060840732 | 9084890415 or send an email to support@rsrindia.com
to reach us.
Make sure company’s new name contains these features
Special Name
It serves to establish the company's brand primarily and ideally as a newly invented term.
Business Object
The company's business activity should be implied by the second portion of the name.
Constitution Type
The company's name must include "Private Limited" or "Limited" as a suffix.
Change company name in 3 Easy Steps
1. Respond to Quick Questions
- Our questionnaires take less than ten minutes to complete.
- Give the essential information and paperwork needed to convert a proprietorship to a partnership.
- Pay using a safe and secure payment gateway.
2. Experts are Here to Help
- Dedicated Relationship Manager
- Availability of names search report
- Application for Name Reservation
- Certificate of Incorporation
- Application for PAN and TAN
3. Your Business is Established
- All it takes is 21 working days*
Process to change company name online
Day 1 - 4
- gathering of essential data and paperwork
- holding a board meeting and adopting a decision
- Verifying the availability of the company name
- Name reservation using "RUN"
Day 5 - 6
- calling a membership meeting and adopting a resolution
- Document preparation for the application of change
- Deliver signed documents that have been prepared.
Day 7 - 8
- Getting ready and submitting an application to MCA
Day 8 – 12
- duration of government processing
- New CoI being issued under a different name
Explore company name change
Frequently Asked Questions
The following approval or consent must be obtained by the corporation in order to implement the name change:
1. Board approval
2. Assent from the company’s members
3. Consent from the relevant RoC
4. Central Government approval
A public business may have restrictions regarding name changes, but a private limited company is not subject to any of them. The names selected for application must comply with the guidelines.
- The Ministry has launched the “RUN” (Reserve Unique Name) web form, which allows firms that already exist to reserve a new name. The business may apply under two distinct names, depending on the relevance. The names must to be distinct and compliant with the guidelines.
- After receiving the members’ approval at the general meeting (which took place following name reservation), the application for a name change must be submitted within 30 days. Form MGT-14 is used to notify a resolution, while form INC-24 is used to file an application for a name change.
Yes, the new name must be applied to both the MoA and the AoA. A copy of the suggested modification is kept in INC – 24.
- Both processes can be completed at the same time if the name change results from a change in the primary object. Since the government’s clearance is required, the duration may differ depending on how quickly RoC responds.
