{"id":2518,"date":"2018-07-05T10:46:25","date_gmt":"2018-07-05T10:46:25","guid":{"rendered":"https:\/\/swaritadvisors.com\/learning\/?p=2518"},"modified":"2020-09-17T17:57:40","modified_gmt":"2020-09-17T12:27:40","slug":"follow-the-procedure-below-to-change-company-name","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/learning\/follow-the-procedure-below-to-change-company-name\/","title":{"rendered":"Procedure of Changing Company Name in India"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Always there is this one question that most of the small business owners often ask is how to get their company\u2019s name changed? It\u2019s pretty natural for a business to grow and get evolved and change its direction within a course of time and that\u2019s why the name you had chosen during the time of incorporation of your company may no longer be fitted with what you are doing at the present. And so you think of picking a name that is rather more appropriate to the flow of your business. The question here arises here is that whether there is a way to simply <strong>changing company name<\/strong> without having to go through all the process all over again?<\/p>\n\n\n\n<p>So looking at it from a legal perspective, the process of company name change is a lot more than just notifying your customers that you have made a change in company name.&nbsp; But it is not that complicated as well on the other hand.<\/p>\n\n\n\n<p>Your very own business name is your business\u2019s cornerstone as it represents your company\u2019s brand image, its products or its market in general. But just be very sure about following the proper legal steps in order to avoid potential mess or issues. The name you choose for your company is considered as one of the prime identities of your business. The change in company name may be required when it is no longer suits the work you are doing in your company anymore.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3a770f91d12\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3a770f91d12\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/swaritadvisors.com\/learning\/follow-the-procedure-below-to-change-company-name\/#What_Are_The_Laws_Involved\" title=\"What Are The Laws Involved?\">What Are The Laws Involved?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/learning\/follow-the-procedure-below-to-change-company-name\/#Step_by_step_process_of_Change_in_Business_Name\" title=\"Step by step process of Change in Business Name\">Step by step process of Change in Business Name<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/learning\/follow-the-procedure-below-to-change-company-name\/#Step_1_Board_resolution\" title=\"Step 1: Board resolution\">Step 1: Board resolution<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/learning\/follow-the-procedure-below-to-change-company-name\/#Step_2_Check_Company_Name_availability\" title=\"Step 2: Check Company Name availability \">Step 2: Check Company Name availability <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/learning\/follow-the-procedure-below-to-change-company-name\/#Step_3_Pass_Special_Resolution_for_Changing_Company_Name\" title=\"Step 3: Pass Special Resolution for Changing Company Name\">Step 3: Pass Special Resolution for Changing Company Name<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/swaritadvisors.com\/learning\/follow-the-procedure-below-to-change-company-name\/#Step_4_Application_for_approval_of_Company_Name_Change\" title=\"Step 4: Application for approval of Company Name Change\">Step 4: Application for approval of Company Name Change<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/swaritadvisors.com\/learning\/follow-the-procedure-below-to-change-company-name\/#Step_5_Issuance_of_New_Certificate_of_Incorporation\" title=\"Step 5: Issuance of New Certificate of Incorporation\">Step 5: Issuance of New Certificate of Incorporation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/swaritadvisors.com\/learning\/follow-the-procedure-below-to-change-company-name\/#Step_6_Make_Changes_to_MOA_and_AOA\" title=\"Step 6: Make Changes to MOA and AOA\">Step 6: Make Changes to MOA and AOA<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Are_The_Laws_Involved\"><\/span>What Are The Laws Involved?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>According to the <strong><em>section 13 of companies act of 2013<\/em><\/strong>, there is a requirement of passing the special resolution in a general meeting of the company, this has to be along with the approval of the central government.<\/p>\n\n\n\n<p>Promoters of your company may change the name of your company anytime. The company shareholders and the and the MCA which is the short abbreviation for the ministry of corporate affairs will have to first agree with the change in company name. Another point to be noted is that the <strong><a href=\"https:\/\/swaritadvisors.com\/change-company-name\">change in company name<\/a><\/strong> online does not change the legal entity that the company is and will not get impacted either by the change in company name. This means that all its assets and its liabilities will also continue to be the same as ever, hence it\u2019s solely the name that changes.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_by_step_process_of_Change_in_Business_Name\"><\/span>Step by step process of Change in Business Name<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_1_Board_resolution\"><\/span><strong>Step 1: Board resolution<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>A board meeting is supposed to be conveyed and a board of resolution is required to be passed regarding the change in company name. It is authorized by a director or a company secretary for making an application and applying to the ministry of corporate affairs for certain of availability of a new proposed name for the company. In the same general meeting, it is also conveyed about altering the memorandum of association and the article of association.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_2_Check_Company_Name_availability\"><\/span><strong>Step 2: Check Company Name availability <\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Now once your resolution is passed, and asserting availability of the supposed proposed new name of the company. An authorized person will prepare an application for the change in company name to the MCA. The procedure is similar to the name application during the process of incorporation of a new company. And this why it\u2019s under the companies acts 2013 naming guidelines.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_3_Pass_Special_Resolution_for_Changing_Company_Name\"><\/span><strong>Step 3: Pass Special Resolution for Changing Company Name<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Once the available new name is approved by the <strong><em>Ministry of Corporate Affairs<\/em><\/strong><a href=\"http:\/\/www.mca.gov.in\/\">[1]<\/a> , a company is required to conduct a general meeting for the consequential changes in the MOA and AOA.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_4_Application_for_approval_of_Company_Name_Change\"><\/span><strong>Step 4: Application for approval of Company Name Change<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Once this resolution is passed in the meeting, an application and special resolution for approval of the change in the company name is filed with the registrar of the companies. An application for the company name change has to be made in the prescribed form along with the required fee amount.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_5_Issuance_of_New_Certificate_of_Incorporation\"><\/span><strong>Step 5: Issuance of New Certificate of Incorporation<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Once the registrar is satisfied with your provided application he will issue a new certificate of incorporation. At this stage, you can be sure of the fact that the procedure here is almost complete and it immediately effective on the issuance of new incorporation certificate by the registrar of companies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_6_Make_Changes_to_MOA_and_AOA\"><\/span><strong>Step 6: Make Changes to MOA and AOA<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Sequential to the issue of the new incorporation certificate, steps are required to be taken for insertion of the new company name in all the copies of MOA and AOA and certificate of incorporation that\u2019s been issued by the registrar.<\/p>\n\n\n\n<p class=\"text-left\"><b>Read, Also<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/learning\/companies-fresh-start-scheme-2020-and-its-provisions\/\">Companies Fresh Start Scheme 2020 and its Provisions<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Always there is this one question that most of the small business owners often ask is how to get their company\u2019s name changed? It\u2019s pretty natural for a business to grow and get evolved and change its direction within a course of time and that\u2019s why the name you had chosen during the time of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":2523,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[164],"tags":[165],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/2518"}],"collection":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/comments?post=2518"}],"version-history":[{"count":4,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/2518\/revisions"}],"predecessor-version":[{"id":13112,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/2518\/revisions\/13112"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media\/2523"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media?parent=2518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/categories?post=2518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/tags?post=2518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}