You can change your company's name for varied reasons and we at Vakilsearch helps you do so in 3 simple steps:
Once you receive the Certificate of Incorporation, we make changes to MOA and AOA
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 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.
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Adani Gas To Be Named Adani Total Gas
Nov 26, 2020
The billion-dollar enterprise, Gautam Adani's group, will change the name of its New Delhi-based gas distribution firm Adani Gas Ltd to ‘Adani Total Gas’, as a result of French energy giant Total’s acquired stake in the firm’s shareholdings.
The decision to change the company name was made through a postal ballot involving the company’s shareholders, as well as to alter its memorandum and articles of association.
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.