Enhance your brand identity through a well-planned company name change
A company can update its name anytime after incorporation by following the procedure specified under the Companies Act, 2013. This involves conducting a Board Meeting and a General Meeting to obtain necessary approvals, reserving the new name, and securing Central Government consent. Once approved, the Registrar of Companies (RoC) issues a new Certificate of Incorporation with the updated name. Changing the company’s name does not impact its legal existence, and all assets, liabilities, and obligations remain intact.
Directors or shareholders can opt to change the company’s name for valid reasons, such as better reflecting the company’s vision, values, or core attributes. A new name can also improve brand recognition and make the business more relatable to consumers.
A company may need to change its name if its business objectives evolve and the current name no longer reflects the new direction. In such situations, the Registrar may require the company to apply for a name change.
A company may opt to change its name to enhance brand value and stay relevant in rapidly evolving industries. Selecting a name that reflects current trends can strengthen its identity and serve as a strategic tool to improve brand recognition and market appeal.
A company’s name can sometimes limit its perceived scope by referencing a particular region or product. When expanding into wider markets, it may be necessary to update the name to remove these limitations. Similarly, if the current name no longer represents the company’s offerings, changing it helps better connect with the target audience.
DSC of one of authorised director to be provided
A copy of latest amended MoA and AoA of the company
Certificate of Incorporation of company to be provided
Copy of PAN card of the company to be provided
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Mainly it builds the company brand and preferably be a coined word
Second part of name should suggest the business activity of the company
Name of the company must end with “Private Limited” or “Limited” as suffix
*Subject to Government processing time
To effect a name change, the company must obtain the following approvals:
Consent from the Board of Directors
Consent from the company’s members
Approval from the concerned Registrar of Companies (RoC)
Approval from the Central Government
The Ministry has introduced the web form “RUN” (Reserve Unique Name) for reserving new names for existing companies. Companies can apply with up to two proposed names, along with their significance. The names must be unique and comply with the relevant regulations.
The application for a name change must be filed within 30 days of obtaining members’ consent at the General Meeting held after name reservation. The resolution must be intimated through Form MGT-14, while the name change application is submitted using Form INC-24.
Yes, MoA and AoA, both must be altered with the new name. The copy of the proposed alteration is filed in INC – 24.
If the name change is due to a change in the main object, both procedures can be conducted simultaneously. However, since government approval is required, the timeline may vary depending on the response time of the Registrar of Companies (RoC).
The name change becomes effective only after the issuance of a fresh Certificate of Incorporation. The concerned officer will issue the new certificate upon being satisfied with the application.
The company’s new name can be updated in the PAN and other registrations only after the fresh Certificate of Incorporation is issued. The application for PAN update is included in the package.
After the name change, the company must update its new name with all the ministries and regulatory bodies where it is registered. Additionally, all stationery—including business cards, letterheads, and display boards—should be revised to reflect the new name. A crucial step is the ratification of contracts entered into under the previous name; all parties to such contracts must formally ratify them following the adoption of the new name.
Yes. For a period of two years from change, wherever the company’s name is displayed, the previous name must also be displayed.
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