Change Company Name

A company name change can signify a fresh start or better reflect your brand. Board Approval Directors propose and approve the change company name at a board meeting. Shareholder Vote Shareholders have their say through a special meeting and vote. Government Application File an application with the relevant government authority for approval.

How do I change company name?

Sometimes there are lots of reasons why we need to change company name because changing the name of the business is a different topic, which we discuss in our different articles already posted, but in this blog we will discuss the change of the company name. Changing the company name is not an easy task because all goodwill, advertisements, and legal papers are also attached to the existing name.

Post-incorporation, can change company name under the following circumstances:

(a) Conversion of name from private to public. or

(b) Conversion of name from public to private,

(c) Change of name from ABC limited to XYZ limited. or

(d) Any other mode of restructuring as permitted under Companies Act.

The name change of company procedure as per the Companies Act, 2013 in India is as follows:

Board Meeting:

The first step is to convene a board meeting of the directors of the company to consider and approve the proposal to change company name.

The company shall be required to give a notice of at least 7 days to all the directors for the board meeting because it is a requirement of the Companies Act, 2013.

At the meeting, the board shall pass the following resolution:

• Note down the new name.
• Approving the change of name.
• Authorize any one director to make an application to the Registrar of Companies (ROC) in form RUN for the availability of the proposed new name so that we can reserve the company changed name.

Check the name change in company available:

After deciding upon the new name, an application is required to be made to the Registrar of Companies in RUN—Reserve Unique Name Service, along with a fee of Rs. 1000 for ascertaining the availability of the new name.

Once conformation from the Registrar of Companies:

A board meeting is held to pass the following resolution:

• Note the new name of the company.
• Decide the day, date, time, and venue of the general meeting.
• Approve the notice of the general meeting.
• Approving the change of name.
• Authorize any one director to make an application to the Registrar of Companies (ROC) for the availability of the proposed new name.
• Authorize the company secretary or any one director to issue the notice of the general meeting.

Issue the Notice of General Meeting:

So, to all the members, auditors, and directors, at least 21 clear days before the date of the general meeting.

Shareholders Approval: 

So, to hold the extraordinary general meeting (EGM) of the shareholder and

A special resolution shall be passed for the changing company name.

File MGT-14 with ROC:

A certified true copy of special resolution along with an explanation statement shall required to filed with Registrar of companies in form MGT-14 within 30 days from the date of passing special resolution.

Attachment in MGT-14:

• A certified True copy of the Special Resolutions, along with an explanatory statement,
• A copy of the notice of meeting was sent to members along with all the annexures, altered memoranda, and articles of association.
• A copy of the attendance sheet for the general meeting.
• Shorter Notice Consent, if any.

Filing of Applications:

After obtaining the approval of the shareholders, an application for change of name shall be filed with the ROC in form No.INC-24 within 60 days from the date of name reserved to the registrar or 30 days from the date of passing of special resolution, whichever is earlier, along with the following documents:

• Altered Memorandum & Articles of Association.
• A certified true copy of the special resolution.
• A Notice along with Explanatory Statements.
• A Altered Memorandum & Articles of Association.
• Minutes of the General Meeting.
• An Affidavit from Directors.

File INC-25 for Fresh Certificate of Incorporation:

Application to be made to the registrar of companies for the issue of a fresh certificate of incorporation in the form INC-25.

Other Important Websites:

MCA, INCOME TAX