Change Company Name
Enhance Brand value with company name change
Change Company Name
Get StartedKnow about company name change
A company’s name can be changed at any time after its incorporation. It being an entity regulated by law, it has to follow a specific process provided by the Companies Act, 2013. The process includes conducting board meeting and member’s meeting for their respective consent, which will be followed by name reservation and approval from Central Government for said change. Fresh Certificate of Incorporation will be issued by RoC in new name after updating the Register of Companies. The company name change does not impact the existence of the company, which leaves all the assets and liabilities unaffected.
Why change company name?
Voluntary Change
The directors or the shareholders may voluntarily decide to change the business name mutually for any justified reason. Names can be used to reflect the vision or any characteristic of the company. To make the name relatable and easy for the consumer can also be a reason to change business name.
Change in Business Objective
Change in the name may be required due to change of business objective. If the name does not truly reflect the altered objective, it can be changed in line with the objective. The company must apply for a change if the Registrar has directed to do so in such case.
Enhance Brand Value (Rebranding)
Name assumes the brand value of the company and intention to improve the brand value is often a reason to change the name. Also, industries where trends change over a period of time, an appropriate name can be chosen to be in line with the trend and create a distinct identity. Change of name can prove to be a good marketing strategy to enhance brand value.
Discard boundaries assumed by name
By use of words representing geographical region or offerings, the name defines the boundary of operations. Expansion by capturing wide market includes demands removing boundaries assumed by the name. Further, if the name has become irrelevant to products or services offered it must be changed to target the right audience.
Documents required to change the limited company name
Digital Signature Certificate
DSC of one of authorised director to be provided
MoA & AoA
A copy of latest amended MoA and AoA of the company
CoI
Certificate of Incorporation of company to be provided
PAN Card
Copy of PAN card of the company to be provided
Have questions? Don’t worry, we are here to help!
Call us at 1800 313 4151 or Email us: support@legalwiz.in
Make sure company’s new name contains these features
Unique Name
Mainly it builds the company brand and preferably be a coined word
Business Object
Second part of name should suggest the business activity of the company
Constitution Type
Name of the company must end with “Private Limited” or “Limited” as suffix
Change company name in 3 Easy Steps
1. Answer Quick Questions
- Fill in our questionnaires that take less than 10 minutes
- Provide basic details & documents required for registration
- Make payment through secured payment gateways
2. Experts are Here to Help
- Assigned Relationship Manager
- Search report on name availability
- Application for Name Reservation
- Drafting of necessary resolution and documents
- Alteration of MoA and AoA
- Filing application for name change
- Fresh Certificate of Incorporation
- Updated MCA master data with modified details
3. Use new name now
- All it takes is 10 – 12 working days*
Process to change company name online
Day 1 - 4
- Collection of basic Information & documents
- Conducting Board Meeting and passing a resolution
- Checking company name availability
- Reservation of name through “RUN”
Day 5 - 6
- Conducting meeting of members and passing a resolution
- Preparation of documents relating to the application of change
- Provide documents prepared after signature
Day 7 - 8
- Preparation and filing application with MCA
Day 8 onwards
- Government processing time
- Issuance of fresh CoI with a new name
Explore online company name change
Frequently Asked Questions
To effect the change in name, the company has to obtain following consent or approval:
1. Consent from Board
2. Consent from the members of the company
3. Approval from concerned RoC
4. Approval from Central Government
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.
Ministry has introduced a web form “RUN” (Reserve Unique Name) for reservation of new name of existing companies. The company can apply with 2 different names with its significance. The names should be unique and in accordance with the provisions.
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.
Yes, MoA and AoA, both must be altered with the new name. The copy of the proposed alteration is filed in INC – 24.
If the name change is made due to change in the main object, both the procedures can be carried on simultaneously. As the approval of the Government is involved, the period can vary based on the response and time taken by RoC.
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 CoI with a new name.
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.
After the change of name, the company has to update its name with all the ministries it is registered with. All the stationaries 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.
Yes. For a period of two years from change, wherever the company’s name is displayed, the previous name must also be displayed.
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