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The authorised person shall submit an application to the MCA in RUN form to verify the proposed name's availability. Additionally, you can conduct a search using the Check Company Name tool. It is critical to conduct a trademark search on the proposed name.
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Change Company Name

An Overview - Change the name of Pvt Ltd Company

Sometimes, the name of your business does not feel right or does not function well for your business; or perhaps you need to change the name of your business to disassociate yourself from a negative link. In this case, you can rename your business to something more appropriate for your future ambitions. While choosing a new name may appear to be a simple operation, the legal procedure of changing the name of your business is lengthy.

That is why we, at Startup Club India have developed this service to assist you in making that transition. We have streamlined the process to the greatest extent possible and will handle the majority of the responsibilities for you.

Documents required to change Company Name

The mandatory documents required for the changing of company name are as follows:-

  • To begin, the RoC must receive the Form MGT-14 together with the following documents:
    • Notice of the Extraordinary General Meeting (EGM)
    • Certified copy of the EGM's special resolution
    • The explanation for EGM
    • A copy of the amended Memorandum of Association and Article of Association with the new company name.
  • Once the MGT-14 is approved, the INC-24 e-form accompanying with following papers should be filed within 30 days:
    • A certified genuine copy of the EGM minutes
    • Notice of the Extraordinary General Meeting
    • A copy of any approval order received from any other regulatory authority, such as the IRDA, SEBI, or RBI, if applicable.
    • A copy of the resolution agreement, which includes the names of the members who voted for and against the proposal.
    • A copy of the amended Memorandum of Association and Article of Association with the new business name.
    • Further documents pertaining to any additional information requested as optional attachments.

Benefits - Company Name Change

Individuals choose to change the name of their business for a variety of reasons.

Capitalizing on a Product's/Popularity:

If a firm achieves popularity for a certain product or service, it can rename its company to capitalise on that popularity.

Memorable Business Name:

If the company's current name is not memorable enough, it can be changed to something more memorable that will resonate with potential customers.

Repositioning:

When a business is ready to enter a new market, the name of the business might also be changed. This aids in the brand's/ company's repositioning.

Location-Friendly Name:

Depending on the new location you are entering, it may be essential or advantageous to change your name to something more friendly and acceptable there.

Avoiding Copyright Issues:

If a business's name is being challenged on copyright grounds, it may choose to change its name.

Change of Ownership:

A new name enables a new owner to 'stamp their authority' on the business and steer it in a different direction.

Procedure for Company name change

To alter the name of a business, you must complete these five steps:

  • 1

    Adopting a Board Resolution

    A board meeting is to be held at which a resolution to alter the company's name should be passed. The directors should approve the new name and designate one of them or a company secretary (CS) to confirm the new name's availability with the MCA.

  • 2

    Verifying the Availability of the Name

    The approved person shall submit an application to the MCA in form INC-1 to verify the proposed name's availability. Additionally, you can conduct a search using "check company name" feature given provided MCA . It is critical to conduct a trademark search on the proposed name.

    It is recommended that you shortlist four to five business names before investigating their availability to account for the possibility that these names are already taken or in use.

  • 3

    Adoption of a Special Resolution

    After confirming the availability of the new name, the company should call an extraordinary general meeting (EGM). A special resolution will be made to alter the name and to amend the AoA and MoA if necessary.

  • 4

    Submitting an application to the Registrar

    Within 30 days after passage, the special resolution will be presented to the RoC, together with the form MGT-14, which will contain the resolution's specifics.

    Within 30 days after filing the MGT-14, the RoC must receive form INC-24 along with the required fee. This is necessary in order to gain central government permission for the name change. Certain documents must also be accompanied by these two forms.

  • 5

    Certificate of Incorporation Issuance

    The RoC will issue a new certificate of incorporation reflecting the name change upon complete satisfaction with the application and associated paperwork.

    This is a condensed version of the entire process. Startup Club India will handle all of the drafting, form filling, and submitting for you, making this process simple for you.

FAQs on Company Name Change

Yes, a company can change its name with the approval of shareholders by passing a special resolution. It has also to get approval from the ROC and central government.
It is recommended that you shortlist four to five business names before investigating their availability to account for the possibility that these names are already taken or in use.
You are required to conduct a name search and trademark search to get the unique name of the company.
The authorised person shall submit an application to the MCA in RUN form to verify the proposed name's availability. Additionally, you can conduct a search using the Check Company Name tool. It is critical to conduct a trademark search on the proposed name.
No, two companies registered in India cannot share the same name. The RoC prohibits a business from registering a name that is already in use.

No, changing the company does not constitute the formation of a new one. All previous liabilities and obligations are retained in their entirety.

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