Change in Company Name Service
Starting from ₹5,000 + GST
Table Of Content
Company Name Change
Changing a company’s name can be a strategic decision, especially when aligned with rebranding, expanding into new markets, or reflecting updated business objectives. According to the Companies Act, 2013, changing the name of a company involves a structured legal process to ensure compliance with government norms and regulations.
A company name change is a strategic decision that should be carefully evaluated. It’s essential to ensure the change aligns with your long-term business goals and market positioning. Below are key factors to consider when assessing the need for a name change, allowing you to make an informed decision.
Key Reasons to Consider a Company Name Change
Right Time for a Company Name Change
Process for company name change
Step 1
Step 2
Step 3
Step 4
Step 5
Step 6
Documents required for Company Name Change
FAQs
What is the procedure for changing a company name?
The process includes holding a board meeting, checking the name availability through the RUN service, filing the necessary forms with the RoC, and updating all relevant documents after approval.
What is a special resolution for a company name change?
A special resolution is a shareholder approval that requires a 75% majority. It is mandatory for major changes like a company name change and must be passed during the Extraordinary General Meeting (EGM).
How can I check the availability of a new company name?
You can check the availability of the new company name using the RUN (Reserve Unique Name) service on the MCA website. This service allows you to ensure the name is available before filing for a change.
Is shareholder approval mandatory for a name change?
Yes, shareholder approval is required for a company name change, especially when the change involves a new identity or significant alteration. A special resolution must be passed with 75% approval.
Can I change the company name at any time?
Yes, you can change the company name at any time by following the legal procedure set by the Companies Act, 2013. Ensure all compliance requirements, such as RoC approval and shareholder resolution, are met.
Is there a fee for filing a company name change?
Yes, there are government filing fees associated with filing forms like MGT-14 and INC-24. The fees vary depending on the company’s share capital.
Do I need to inform clients before changing the company name?
Yes, it’s important to notify clients, suppliers, and all relevant stakeholders about the company name change to avoid confusion and ensure smooth business operations.
Will the name change affect the company’s legal contracts?
Yes, all legal contracts, agreements, and documents need to be updated with the new company name. This ensures legal continuity and prevents any contractual issues after the name change.
What is the cost of changing the company name?
The cost includes government filing fees, legal fees (if any), and potential rebranding or administrative costs involved in updating documents and communicating the name change.
What happens if the new name is rejected by the RoC?
If the RoC rejects the proposed name, you will need to submit an alternate name that complies with the Companies Act guidelines. The name must not be similar to existing companies or trademarks in the same industry.