Change the Name of the Pvt. Ltd. Company with easiest procedure

The professionals at KNAP Advisory facilitate the name change of your private limited company in an efficient and cost-effective manner.

Steps to follow to change company name

  • Board meeting authorizing for New name application in RUN
  • Hold EGM after RUN Approval
  • Preparation of Revised MOA and AOA with new Name
  • Preparation and filing of application to the ROC
  • Make request for name change to PAN, TAN, GST and Bank after approval

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Change the name of Pvt Ltd Company

An Overview - Change the name of Pvt Ltd Company

Sometimes the name of your business may not feel right or does not operate well for your business, or you may need to alter the name to distance yourself from a negative association. In this instance, you might rename your company to reflect your aspirations for the future. Although selecting a new name may appear to be a straightforward operation, the legal process of changing your company's name is extensive.

As a result, KNAP Advisory has created this service to aid you in making this shift. We have shortened the procedure as much as possible and will assume the majority of your tasks.

Benefit

Benefit of Change the name of Pvt Ltd Company

Utilizing a Product's/Popularity

If a company's product or service becomes successful, it might rebrand itself to capitalise on that popularity.

Repositioning

When a company is prepared to enter a new market, the company's name may be altered. This assists in the rebranding of the brand or company.

Rememberable Company Name

If the present company name is not distinctive enough, it may be altered to something that will connect with potential consumers and be more remembered.

Preventing Copyright Problems

If a business name is contested on the basis of copyright, it may opt to alter its name.

Procedure for Company name change To change the name of a business, the following five actions must be taken:

  •  Step 1: Adoption of a Board Resolution

There will be a board meeting at which a resolution to change the company's name will be passed. The board of directors should approve the new name and assign one of them or a company secretary (CS) to validate the availability of the new name with the MCA.

  • Step 2: Confirming the Name's Availability

The approved individual must make an application to the MCA using form INC-1 to confirm the availability of the chosen name. In addition, you may run a search utilising MCA's "check company name" function. A trademark search must be conducted on the suggested name.

Before checking their availability, it is advised that you create a list of four to five potential business names to allow for the likelihood that these names are already taken or in use.

  • Step 3: Adoption of an Extraordinary Resolution

After establishing that the new name is available, the corporation should convene an extraordinary general meeting (EGM). A special resolution will be passed to change the name and, if required, update the AoA and MoA.

  • Step 4: Submitting an application to the Registrar.

The special resolution will be delivered to the RoC together with the form MGT-14, which contains the resolution's specifics, within 30 days after passage.

The RoC must obtain form INC-24 and the requisite fee within 30 days of receiving the MGT-14. This is required to obtain central government approval for the name change. These two forms must also accompany some papers.

  • Step 5: Issuance of the Certificate of Incorporation

The RoC will issue a new certificate of incorporation reflecting the name change following full approval of the application and all accompanying documentation.

This is a summary of the complete procedure. KNAP Advisory India will handle all drafting, form filling, and submission on your behalf, simplifying the process for you.

Documents required to change Company Name

The following documents are necessary for the change of a company's name:

The RoC must submit Form MGT-14 along with the following documentation to get started:

  • Notice of an Extraordinary General Meeting
  • Certified copy of the special resolution of the EGM
  • Explanatory statement and minutes of EGM
  • A copy of the modified Articles of Association and Memorandum of Association including the new business name.

Once the MGT-14 is validated, the INC-24 e-form should be filed together with the following documents within 30 days:

  • An authenticated copy of the EGM minutes
  • Notice of an Extraordinary General Meeting
  • A copy of any approval order received from the IRDA, SEBI, or RBI, if applicable.
  • A copy of the resolution agreement, which includes the names of members who supported and opposed the motion.
  • A copy of the modified Articles of Association and Memorandum of Association including the new business name
  • Additional papers pertinent to any desired additional information as optional attachments.

HELP & FAQs

Can a company change it's name?

Yes, a company may change its name if shareholders approve the change by a special resolution. In addition, it must have clearance from the ROC and the central government.

How do you select a company name?

Before checking their availability, it is advised that you create a list of four to five potential business names to allow for the likelihood that these names are already taken or in use.

How might I determine if my business name is unique?

How might I determine if my business name is unique?

How can I perform a corporate name search?

The authorised person must submit an RUN form application to the MCA to confirm the availability of the requested name. Additionally, you may utilise the Check Company Name tool to run a search. A trademark search must be conducted on the suggested name.

Can two businesses register with the same name?

No, two Indian-registered businesses cannot share a name. The RoC forbids businesses from registering already-used names.

Does a company's name change signify its transformation into a new entity?

No, a company's name change does not constitute the foundation of a new business. The totality of all prior responsibilities and commitments is maintained.

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Legal Info

Knap Advisory : We Care | We Deliver | We Honor

We have been especially crucial in ensuring startups are compliant with India's complex legal structure. We accept responsibility and obligation on behalf of the business owners and co-founders for adhering to all legal requirements. We strive to deliver a wide range of quick, effective, and compliance-focused services to any company or individual with a startup mentality. We are abide by our motto:- We Care, We Deliver, We Honor.