{"id":5679,"date":"2019-07-23T17:47:52","date_gmt":"2019-07-23T12:17:52","guid":{"rendered":"https:\/\/swaritadvisors.com\/learning\/?p=5679"},"modified":"2020-10-27T22:18:59","modified_gmt":"2020-10-27T16:48:59","slug":"procedure-for-change-of-company-name","status":"publish","type":"post","link":"https:\/\/swaritadvisors.com\/learning\/procedure-for-change-of-company-name\/","title":{"rendered":"Procedure for Change of Company Name"},"content":{"rendered":"\n<p class=\"has-drop-cap\">There are several reasons for the change of Company name due to change in the management, their re-branding, mergers or acquisitions, sending a new signal to the market and so many. The <strong><a href=\"https:\/\/swaritadvisors.com\/change-company-name\" class=\"text-primary\">change in the company name<\/a><\/strong> doesn\u2019t affect its legal proceedings and its obligations &amp; rights. Companies who want to change their name must follow the procedure prescribed by the MCA.<\/p>\n\n\n\n<p>In this article, we are going to discuss documentation and\nvarious steps should be followed by Companies to change their name.<\/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-6a33c27558c8d\" 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-6a33c27558c8d\"  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\/procedure-for-change-of-company-name\/#Documents_required_for_the_change_of_the_companys_Name\" title=\"Documents required for the change of the company\u2019s Name\">Documents required for the change of the company\u2019s Name<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/swaritadvisors.com\/learning\/procedure-for-change-of-company-name\/#MGT-14\" title=\"MGT-14\">MGT-14<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/swaritadvisors.com\/learning\/procedure-for-change-of-company-name\/#INC-24\" title=\"INC-24\">INC-24<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/swaritadvisors.com\/learning\/procedure-for-change-of-company-name\/#Steps_to_be_followed_for_the_change_of_the_Company_Name\" title=\"Steps to be followed for the change of the Company Name\">Steps to be followed for the change of the Company Name<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/swaritadvisors.com\/learning\/procedure-for-change-of-company-name\/#Step-1_Conducting_meeting_with_the_Board_of_Directors_for_the_change_of_Company_name\" title=\"Step-1 Conducting meeting with the Board of Director\u2019s for the change of Company name\">Step-1 Conducting meeting with the Board of Director\u2019s for the change of 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\/procedure-for-change-of-company-name\/#Step-2_Checking_New_Name_Availability_for_the_change_of_Company_name\" title=\"Step-2 Checking New Name Availability for the change of Company name\">Step-2 Checking New Name Availability for the change of Company name<\/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\/procedure-for-change-of-company-name\/#Step-3_Conducting_EGM_for_the_change_of_the_Company_name\" title=\"Step-3 Conducting EGM for the change of the Company name\">Step-3 Conducting EGM for the change of the Company name<\/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\/procedure-for-change-of-company-name\/#Step-4_Application_for_the_approval_for_the_change_of_Companys_name\" title=\"Step-4 Application for the approval for the change of Company\u2019s name\">Step-4 Application for the approval for the change of Company\u2019s name<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/swaritadvisors.com\/learning\/procedure-for-change-of-company-name\/#Step-5_Filings_e-forms_for_the_change_of_Companys_name\" title=\"Step-5 Filings e-forms for the change of Company\u2019s name\">Step-5 Filings e-forms for the change of Company\u2019s name<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/swaritadvisors.com\/learning\/procedure-for-change-of-company-name\/#Filing_MGT-14\" title=\"Filing MGT-14\">Filing MGT-14<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/swaritadvisors.com\/learning\/procedure-for-change-of-company-name\/#Filing_INC-24\" title=\"Filing INC-24\">Filing INC-24<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/swaritadvisors.com\/learning\/procedure-for-change-of-company-name\/#Step-6_Issuance_of_Certificate_of_Incorporation\" title=\"Step-6 Issuance of Certificate of Incorporation\">Step-6 Issuance of Certificate of Incorporation<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/swaritadvisors.com\/learning\/procedure-for-change-of-company-name\/#Step-7_Modifications_in_AOA_and_MOA\" title=\"Step-7 Modifications in AOA and MOA\">Step-7 Modifications in AOA and MOA<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/swaritadvisors.com\/learning\/procedure-for-change-of-company-name\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_required_for_the_change_of_the_companys_Name\"><\/span>Documents required for the change of the company\u2019s Name<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>To change the name of the company, the applicant needs to file MGT-14 and INC-24. There are various documents required in PDF format to file these two e-forms.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"MGT-14\"><\/span>MGT-14<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul><li>The notice of the Extra-ordinary General Meeting conducted by Company.<\/li><li>The special resolution passed in EGM (Extra-ordinary General Meeting) by the Board of Directors.<\/li><li>Copy of modified or altered article and memorandum of association.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"INC-24\"><\/span>INC-24<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul><li>Extracts of minutes of EGM held by the Board of Directors.<\/li><li>The notice of the Extra-ordinary General Meeting conducted by Company.<\/li><li>Altered Article and Memorandum of Association.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Steps_to_be_followed_for_the_change_of_the_Company_Name\"><\/span>Steps to be followed for the change of the Company Name<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Here are the following steps that one can follow for the change of company name:<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step-1_Conducting_meeting_with_the_Board_of_Directors_for_the_change_of_Company_name\"><\/span>Step-1 Conducting meeting with the Board of Director\u2019s for the change of Company name<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Once the company has decided to change the name of the company, then it should conduct a meeting with the company\u2019s Board of Directors to pass the Board resolution regarding the change in the name of company and alterations to be made in the Article of Association and Memorandum of Association. The Board of Directors will finalize the selected name for the approval by the Registrar of Companies.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step-2_Checking_New_Name_Availability_for_the_change_of_Company_name\"><\/span>Step-2 Checking New Name Availability for the change of Company name<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>After conducting a meeting with the Board of Directors, the applicant should approve their name with <strong>Ministry of Corporate Affairs (MCA)<\/strong><sup><a href=\"http:\/\/www.mca.gov.in\/\" class=\"text-primary\"><strong><em>[1]<\/em><\/strong><\/a><\/sup>. To register a new name, they can make an application to MCA and approve their name through MCA\u2019s e-portal RUN (Reserve Unique Name).<\/p>\n\n\n\n<p>The applicant can request a new name on the portal by filling up the details of CIN, entity type, two suggestions of the proposed name and an attachment of resolution passed in EGM. <\/p>\n\n\n\n<p>If the proposed name is not used by the existing company or any trademark, then MCA approves the proposed name requested on its website.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step-3_Conducting_EGM_for_the_change_of_the_Company_name\"><\/span>Step-3 Conducting EGM for the change of the Company name<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Once MCA approved the new name for the company then an Extra-ordinary General Meeting is conducted to pass a special resolution for the change of the company\u2019s name and approved alterations in <strong><a href=\"https:\/\/swaritadvisors.com\/learning\/articles-of-association-aoa-and-its-importance\/\" class=\"text-primary\">Article of Association<\/a><\/strong> and Memorandum of Association of the company.<\/p>\n\n\n\n<p><b>Also, Read:<\/b> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/learning\/how-are-the-trade-license-and-company-registration-different\">How are the Trade License and Company Registration Different<\/a><\/mark><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step-4_Application_for_the_approval_for_the_change_of_Companys_name\"><\/span>Step-4 Application for the approval for the change of Company\u2019s name<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Once the special resolution has been passed in EGM, then the company should make an application to ROCs (Registrar of Companies) for the change of the Company\u2019s name. The applicant should be submitted for the approval in Form 1B with its required fees.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step-5_Filings_e-forms_for_the_change_of_Companys_name\"><\/span>Step-5 Filings e-forms for the change of Company\u2019s name<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Under the next step, the applicant needs to download and fill e-forms MGT-14 and INC-24 from the MCA website.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Filing_MGT-14\"><\/span>Filing MGT-14<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul><li>Pre-filing details with CIN.<\/li><li>Select the column for Registration of Resolution.<\/li><li>Details regarding the date of dispatching the EGM\u2019s notice and date of passing Resolution.<\/li><li>Date when the resolution has been passed.<\/li><li>Details regarding the type of resolution and authority passing Resolution.<\/li><li>Affix DSC and certified it by CA, CS or CMA.<\/li><li>Upload this e-form on the MCA portal within 30 days of passing the Resolution.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Filing_INC-24\"><\/span>Filing INC-24<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<ul><li>Enter your Company\u2019s Identification Number and pre-filing all details.<\/li><li>Submit your Service Request Number (SRN) of RUN filed with the Registrar of Companies.<\/li><li>Mention the reason for the change of Company name.<\/li><li>Enter SRN of e-form MGT-14 earlier submitted.<\/li><li>Specify the earlier name of the company (before change).<\/li><li>Number of members present while passing the resolution and shares held by them.<\/li><li>A number of members in the favor of passing Resolution.<\/li><li>The number of members who are against the passing Resolution.<\/li><li>Number of members who are abstained from voting.<\/li><li>Affix the DSC and upload INC-24 on the MCA portal.<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step-6_Issuance_of_Certificate_of_Incorporation\"><\/span>Step-6 Issuance of Certificate of Incorporation<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Once INC-24 is approved then ROC will grant a New Certificate of Incorporation with the changed name. The procedure for changing the name can\u2019t get completed without the issuance of a new Certificate of Incorporation from ROC.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step-7_Modifications_in_AOA_and_MOA\"><\/span>Step-7 Modifications in AOA and MOA<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This is the last step to be followed for the change of the Company\u2019s name. Under this, after obtaining Certificate of Incorporation from ROCs, the company can make alterations in all copies of its Article of Association and Memorandum of Association with its new name.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Thus, the process of changing the Company\u2019s name requires thorough documentation and process. The owners must specify the reason for MCA for conducting this change.<\/p>\n\n\n\n<p>The process from approving name through RUN to obtaining an Incorporation Certificate from ROC is time-consuming and requires deep knowledge. So, it would be a smart decision to hire professionals for your service to make your process easier.<\/p>\n\n\n\n<p><b>Also, Read our Article:<\/b> <mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/swaritadvisors.com\/learning\/which-is-better-partnership-firm-or-private-limited-company\">Partnership Firm vs Private Limited \u2013 Which One is Better?<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>There are several reasons for the change of Company name due to change in the management, their re-branding, mergers or acquisitions, sending a new signal to the market and so many. The change in the company name doesn\u2019t affect its legal proceedings and its obligations &amp; rights. Companies who want to change their name must [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":5699,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[168],"tags":[4,520],"_links":{"self":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/5679"}],"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\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/comments?post=5679"}],"version-history":[{"count":17,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/5679\/revisions"}],"predecessor-version":[{"id":14984,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/posts\/5679\/revisions\/14984"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media\/5699"}],"wp:attachment":[{"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/media?parent=5679"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/categories?post=5679"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/swaritadvisors.com\/learning\/wp-json\/wp\/v2\/tags?post=5679"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}