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Company Name Change
Submit a Board Resolution, a Members Resolution, and a Digital Signature Certificate to change the name of your company.
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Change of Company Name
Reasons for Company Name Change:
The company may change its name for the reasons listed below:
- Brand Confusion: If brand confusion occurs with other competitors in your industry, you may lose business and be forced to change your company's name in order to distinguish your brand as unique.
- Changing the industry: products, and/or business strategy necessitates a new company name.
- Legacy Name: Numerous businesses opt to name their organization after their founder. This is especially prevalent among professional services firms, such as those in the financial and legal sectors, as well as among architects and artists. However, if your organization lacks this level of name recognition or legacy, founder-based names may pose a problem, especially if the founder leaves the organization.
- Location Name: Many local businesses choose to brand their company based on their location, which can be particularly limiting if you wish to expand to other locations.
- Generic: Your company's name should be one of its distinguishing characteristics. However, if your name is too common or forgettable, it may be time to change it.
- Company Name is Big: Once you have established a brand in the market, you can apply for a name change using that brand. Ex. Delhi Cloth Mills Limited rebranded as DCM Limited.
- Difficulty in Pronunciation: If customers have difficulty pronouncing your company's name, you may choose to change it.
- Government Orders: If your company's name violates the provisions of the Companies Act, the government may issue an order requiring a name change.
- Sentiment: You may change the company's name according to your sentiment.
- Takeover: When a company is acquired by new investors, those investors may apply for a name change.
Law Governing Change of Company Name:
Section 13 (2) of the Companies Act, 2013 and rule 29(2) of the Companies (Incorporation) Rules, 2014 govern the procedure for changing the name of a company:
- Section 13 of the Companies Act: It stipulates that subject to the approval of the Registrar of Companies, the company's name may be changed by passing a special resolution at a meeting of the company's members.
- 2014 Companies (Incorporation) Rules, Rule 29(2): A request must be submitted to the Registrar on Form INC-24 along with the prescribed fee.
Documents Required for a Company Name Change:
The following documents are needed for a company name change:
Step-by-Step Procedure for Company Name Change:
Listed below are the steps required to change a company’s name:
Why Business Setup in India?
Since our inception as an Official Company Registration Agent, we have maintained close ties with the Ministry of Corporate Affairs, Government of India. From day one, our intention has been to offer a streamlined incorporation procedure that is quick and easy to utilize. Today, our system for company registration is among the most efficient and effective in India. You can file an application for a new company name in slightly more than 5 minutes, and your firm will often be fully registered within 3-5 days. In addition to maintaining affordable pricing for company formation, we are constantly investigating new ways to bring value to our clients. We are proud to be one of the least expensive ways to establish a business in India.
We have the knowledge to advise clients on the appropriate company structure to implement. The majority of our clients want assistance registering a business limited by shares. The limited company structure is prevalent because it permits the distribution of profits to shareholders while safeguarding them through restricted liability. Our team has more than 2 decades of experience founding companies and providing corporate and secretarial services, which aids in the growth of tens of thousands of our clients’ enterprises each year.
We are tremendously passionate about the quality of our service, and we are incredibly proud of the reviews we get from our customers, as evidenced by our outstanding reviews and ratings. Continually, our team is chosen due to the value and skill for which it is renowned. We have helped form the industry by giving our customers innovative business services and packaged solutions that have grown alongside their demands.
Our clients have access to complimentary help from a team of experts. We are always prepared to assist. Throughout the registration of your Company, you will be enabled to contact us by phone or email if you require assistance.
No Hidden Charges
We believe in transparent and straightforward pricing. The price displayed is the price paid. There are no additional fees associated with business registration.
Rapid Service
You can file an application for a new company name in slightly more than 5 minutes, and your firm will often be fully registered within 3-5 days.
20 Years of Expertise
Our staff has over 2 decades of experience, making us specialists in our industry. Take the stress out of establishing your business, and rest easy knowing you have the assistance you need to thrive.
Reliable Service
Today, our customers expect exceptional service. Because of this, we are very pleased that 99 percent of our customers have rated us as "Great" or "Excellent" on Google.
Simplicity
The entire procedure, from ordering to utilizing your company registration license, is designed to be as simple and direct as possible to aid in the growth of your firm.
Privacy and Protection
ustomer confidentiality and safety come first. We safeguard your financial, business, and personal information to the utmost degree.
Let's Deal With Your Confusions
First, file a request for a new name with the MCA via the MCA RUN service. Once the new name has been approved, file Form-24, and obtain a new certificate of incorporation.
Board Resolution is required.
Required are extracts of the Members Resolution, EGM Notice and Explanatory Statement, and the New MOA and AOA. All of these formats are available in our downloads section.
No, a professional signature is not required to attest to the documents' accuracy.
Yes. It is subject to the guidelines for name availability and MCA approval.
Within 10 to 15 days, the company will change its name.
It depends on the authorized share capital of the company. The total fee for a company with one million authorized shares is approximately Rs. 3,300.
At Business Setup in India, we simplify the process of starting and running a successful business. Our expert team offers comprehensive services, from legal support to accounting and business advisory, tailored to meet the needs of entrepreneurs and companies.
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