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Would changing the company name affect my business?

Changing the name of your company will not affect the rights and obligations associated with your business.
While new legal actions taken against the company would need to be brought under the new name, legal actions already brought against the company under the old name could be continued.

6 reasons why companies choose to change their names:

01
Choosing something catchy
02
Repositioning of the brand
03
Capitalising on the popularity of a product/service
04
Avoid IPR related issues
05
Making the name location-friendly
06
Change of ownership

Company name change made easy!

Here’s everything you need to know:

  • Form MGT-14
  • Notice of the EGM
  • Certified copy of the special resolution passed in the EGM
  • The explanatory statement to EGM
  • Copy of altered MoA and AoA with the new company name
  • A certified true copy of the minutes of the EGM
  • Copy of any approval order received from the other authorities such as IRDA, SEBI, RBI, etc., if any

Copy of resolution agreement mentioning the members voting for and against the resolution

Within local limits:

Step 1: Adopting a Board Resolution

A resolution to change the company's name must be approved by the board of directors at a meeting. They should then designate one of them or the company secretary (CS) to contact the MCA to inquire about the name's availability.

Step 2: Verifying Name Availability

To check the availability of the proposed name, the authorized person should submit a form INC-1 to the MCA. It's crucial to conduct a trademark search for the suggested name.
Prior to determining their availability, it is advised that you shortlist four to five potential names to cover any chances of them already being taken or in use.

Step 3: Adopting a Special Resolution

A special general meeting (EGM) should be called by the company once the new name's availability has been verified. To change the name and make the necessary adjustments to the AoA and the MoA, a special resolution will be passed.

Step 4: Submitting an application to the Registrar

After being passed, the special resolution must be submitted to the ROC along with the form MGT-14, which contains information about it.

Form INC-24 must be submitted to ROC along with the required fee within 30 days of submitting the MGT-14. This is necessary in order to get the central government's approval for the name change.

Step 5: Issuing the Certificate of Incorporation

The ROC will issue a new certificate of incorporation reflecting the name change once it is satisfied that all requirements of the application and supporting documents have been met.

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