Process followed for company name change.
To change your company’s name, you need to follow four steps. If ROC is satisfied with your application, a new certificate of incorporation reflecting your new name in it will be issued. We will be helping you in drafting documents, filling out e-forms, and filing out of your way to make this process easy for you.
Checking name availability
Before selecting or applying for company name change, you must first check the availability at MCA site and check for copyrights by a trademark search for the proposed name. We suggest you take your time to do a thorough investigation in order to avoid any copyright or conflict of interest issues in future.
Passing of board resolution
You need to conduct a board meeting to pass a resolution to change the name of the company. Take directors’ approval in this board meeting. Your resolution must be approved with the new name and authorisation to a director to apply for name change with the ministry of corporate affairs.
Passing of special resolution
You are required to convey an extraordinary general meeting (EGM) to pass a special resolution for changing the name of the company and making appropriate changes to the Article of Association (AoA) and the Memorandum of Association (MoA).
Apply for company name change
The special resolution in form MGT-14 should be filed first within 30 days of passing. Thereafter, within 30 days Form INC-24 is required to be filed with the ROC in order to obtain approval from the central government. Based on the name and other requirements, you may need to enclose certain additional documents with these forms.
When you can change company name?
You can change the name of your company if it doesn’t feel right or is not working well for your business. We can help you in the legal process to change the name of your company.
Name change of a company will not affect any right or obligation of the company. All the legal proceedings against the company in its old name will continue with the new name.
You can change your company’s name for any reason. Here are few reasons why promoters decide to change their company’s name;
- Copyright Issues
- Ownership change
- Merger and Acquisition
- Main objective of the company changed
- Catchy and memorable business name
- Popularity of products or services
- Repositioning of brand or company
How can we help you in company name change?
BIGYAN MISHRA & CO is a Chartered Accountant firm based out of Bhubaneswar, Odisha. We at BIGYAN MISHRA & CO can help you to change your company name.
You need to email us above documents. We will file forms on your behalf to get the approval from MCA.
We suggest you contact us to have more clarity on the process.
You can contact us via email at bigyanmishra[at]gmail[dot]com or call us @ +91-94371-64365 to find out how we can help your business.
What are the documents required to change company name?
Following documents will be required to draft and file e-forms with ROC to change your company’s name.
- Notice of the extraordinary general meeting (EGM)
- Certified copy of the special resolution passed in the extraordinary general meeting (EGM)
- Explanatory statement
- Copy of altered MoA and AoA
- Certified true copy of the minutes of the extraordinary general meeting (EGM)
- Notice of the EGM
- Special approved orders if any received from authorities like IRDA, SEBI, RBI, etc.
- Certified copy of resolution agreement mentioning the members voting for and against the resolution
- Copy of altered MoA and AoA with the new company name in it
In addition to above documents you may require to attach other additional documents based on different circumstances.
After getting a new certificate of incorporation, you need to update the company’s new name on all its legal documents, such as bank accounts, contracts, and licenses. You need to notify all the stakeholders including customers, suppliers, and employees, of the name change.
Frequently Asked Questions
Does changing the company’s name result in the formation of a new company?
No, a change in company’s name will not result in the formation of a new company. It will continue to exist with the new name and same legal status.
What is the effective date of the new name?
The new name will be effective after getting an approval certificate from the ROC.
Will there be a change in the company’s PAN and GST Number?
No, the income tax PAN and GST number will not change when the name of the company is changed.However, you need to intimate these departments for the change in company’s name, so that they will change the name with the same number.
Can I check the availability of a new name before applying for approval to the MCA?
Yes, you can check the availability online before applying to the MCA. You can visit MCA.gov.in to check for company name availability search.