A Guide to Company Name Change: Procedures, Necessary Documents, and Timelines

A Guide to Company Name Change: Procedures, Necessary Documents, and Timelines

Changing a company’s name is a significant undertaking, involving alterations to legal documents such as the Memorandum of Association and Articles of Association. Under the Companies Act 2013, the process involves passing a special resolution in a general meeting and obtaining approval from both the Registrar of Companies (RoC) and the Central Government.

It’s important to note that changing the name does not create a new entity; rather, the existing company continues its operations under the new name without affecting its rights, obligations, or ongoing legal proceedings.

Reasons for Changing a Company Name:

There are several reasons why a company might opt to change its name:

Process of Changing a Company Name:

Here’s a step-by-step guide to changing the name of a private limited company:

Documents Required for Name Change:

In addition to forms MGT-14 and INC-24, the following documents are typically needed:

Timeline for Name Change:

The entire process usually takes around 10 to 15 working days, considering the involvement of multiple departments and approvals.

Compliance After Name Change:

After receiving the new certificate of incorporation, the company must update its name across various documents, including official seals, bank accounts, tax authorities, licenses, contracts, and company stationary.

Changing a company’s name is a significant administrative task, but with careful planning and adherence to the outlined procedures, it can be accomplished efficiently, allowing the business to adapt to evolving needs and strategies.

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We have taken all steps to ensure that the information on the website has been obtained from reliable sources and is accurate. However, this website is not intended to give legal, tax, accounting or other professional guidance. We recommend appropriate advice be taken prior to initiating action on specific issues.