Now you can read this page in Hindi.Change to हिन्दी

Change in Company Name

A company may change its name by passing an appropriate Board resolution. The new name should conform to the guidelines set by the Registrar of Companies. At any time, the name can be changed, subject to the shareholders’ and Ministry of Corporate Affairs (MCA) approval through an online process.

Select City*
Select Language*
noimage400,000 +

Business Served

noimage4.3/5

Google Ratings

noimageEMI

Easy EMI Options

How To Make Change In The Company Name?

You can change your company's name for varied reasons and we at Vakilsearch helps you do so in 3 simple steps:

noimage
We check company name availability and pass a special resolution for it

Step 1

noimage
noimage
Our experts draft application for approval of company name change and file it with Registrar of Companies

Step 2

noimage
noimage

Once you receive the Certificate of Incorporation, we make changes to MOA and AOA

Step 3

What Does Changing of Name Mean To a Company?

As per the provisions in Section 13 of the Companies Act of 2013, a company may change its name by simply passing a resolution in its general meeting. But, approval from the Central Government and updating with the Registrar of Companies (RoC) is necessary for the change to come into effect. Also, the Articles of Association and the Memorandum of Association of the company go through a significant alteration.

However, please note the following points related to the changing of name by a company-

  • The change of name, by no means, shall affect any rights/obligations of the company and any legal proceedings continued against/by the company in its former/new name.
  • However, the commencing of any fresh legal proceedings against the company in the former name is not valid, after the new name has been registered by the Registrar of Companies (RoC). The company in its old name should be treated to be non-existent. However, the new name can be substituted by amending the plaint.
  • The legal proceedings commenced by the company in its old name can be continued under the new name.
  • The entity of the company continues despite the change in name.
Change Company Name

What are the Benefits of Changing a Company Name

When You Can’t Get A Copyright

Acquiring copyright and trademark is essential to the success of a business as these are integral parts of its branding and marketing strategies. If the company cannot get the copyright for its present name, it will affect the revenue streams and future earning potential of the company. Therefore, if the company is struggling to get a copyright for an existing name, it can very well consider changing the company name. For new names, the company needs to check the company name availability with the Ministry of Corporate Affairs (MCA), before it proceeds to change the company name.

Memorable Business Name

You may have heard the catchphrase, “What’s in a name?”, many times. Well, when it comes to marketing and business standpoint, ‘everything lies in a name’. The name of your business or company is the first thing people often mention while talking about it. So, if you think your company name is not causing people to take notice of it, you can change it to a different one, to strike the right chord with your potential customers. Choose a name that is easy to remember.

Repositioning

Changing the company name or a brand’s name, especially when your business is ready to move into a new market, helps in the repositioning of the brand/company. This is done to focus on one particular product or niche that is doing better than the others, or when entering a new market.

Specific product or service

Sometimes, a business gains popularity for one particular product or service. In such a situation, the business or the brand can be renamed to capitalize on its popularity and generate more demand or sales.

Location Friendly Name

If your business is moving to a new location then it would be prudent to rename your business to something more friendly and acceptable with the new locality.

Change Of Ownership

When a business passes on its ownership, it is only natural for the new owner to change the company name. The new owner may want to come out of the legacy of the previous owner. A new name would also help the new owner to ‘stamp his authority’ on the business and also to give a whole new direction to the business.

What Is The Procedure To Change A Company Name?

The step-by-step procedure of changing a company name is described below-

Passing a board resolution

In the first step, the company needs to call a board meeting and pass a resolution to change the company name. The directors should approve the new name and authorize either a director or a company secretary (CS) to check the availability of the new name with the MCA.

Checking the name availability

One of the most important steps before registering a company name with the Registrar of Companies (RoC) is to check the company name availability. For this, the authorized director or the CS should apply to the MCA in form INC-1 for checking the availability of the proposed name and subsequent approval. In case the proposed name is available for use, the company will get a letter from the RoC. But, this is not the final approval for the change of name.

To check the company name availability you can also click the following link, and it will check that particular name with the MCA portal and the trademark databases.

It is advised that you should shortlist four to five business names before checking the availability, to cover for the event of these names being taken or in use already.

Passing special resolution

Once the availability of the new name is confirmed by the RoC, the company should convene an extraordinary general meeting. A special resolution will be passed by the meeting for changing the name and making appropriate changes to the Articles of Association and the Memorandum of Association.

Applying to the Registrar

The special resolution will be submitted to the RoC within 30 days of passing, along with the form MGT-14, which will contain the details related to the special resolution.

Within 30 days of filing the MGT-14, another form, namely, INC-24 needs to be filed with RoC as well, along with the requisite fee. This is required for obtaining approval from the Central Government for the change in name. Certain documents also need to be enclosed with these two forms.

Issuance of the Certificate of Incorporation

Upon being completely satisfied with the application and the accompanying documents, the RoC will issue a new Certificate of Incorporation, reflecting the change in name.

What Are The Documents Required For Company Name Change?

process of name change of company
documents required for company name change
Service Image

FAQs on Change in Company Name

Why Vakilsearch

Vakilsearch is India’s largest professional platform of lawyers, chartered accountants, and company secretaries-with years of experience behind.

1K Companies Per Month

We execute secretarial work for over 1000 companies and LLPs every month, by leveraging our tech capabilities, and the expertise of our team of legal professionals. Come on board and experience the ease and convenience!

Realistic Expectations

By handling all the paperwork, we ensure a seamless interactive process with the government. We provide clarity on the incorporation process to set realistic expectations.

9.1 Customer Score

We make your interaction with the government as smooth as is possible by doing all the paperwork for you. We will also give you absolute clarity on the process to set realistic expectations.

300-Strong Team

With a team of over 300 experienced business advisors and legal professionals, you are just a phone call away from the best in legal services.

Access To Experts

We provide access to reliable professionals and coordinate with them to fulfil all your legal requirements. You can also track the progress on our online platform, at all times.

Recent Updates

1-Apr-2020: Telcos Change Their Names to Spread Coronavirus Awareness

BSNL and Vodafone have changed their network names to add suffixes related to Coronavirus. BSNL is displaying itself as ‘BSNL stay at home’. Vodafone has become ‘Vodafone-Be-Safe’.

20-Feb-2020: PNB Denies Any Move to Change its Name

The Punjab National Bank (PNB) has clarified that they do not have any immediate plans to change the bank’s name. Speculation regarding the change was rising after the merger of the Oriental Bank of Commerce and the United Bank of India with the PNB.

Get me more details
Select City*
Select Language*

or

Easy monthly EMI options available

No Spam. No Sharing. 100% Confidentiality.

Trusted by 400,000 clients and counting, including …

image
image
image
image
image
image
image
image