Name Change Of Company
You can change your business legal name without changing the other aspects of your professional identity. Its easy, simple and cost effective.
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Is it a good idea to change a company name?
It depends on how much your brand is known at this time and how many customers or potential customers know your name. Your current customers will not care if it is changed, they know you, are comfortable with you, and there is not much risk there. You need to think bigger and further in the future.
Can we change the name of Pvt Ltd company?
The name adopted by a private limited company during incorporation can be changed later. To change the name of a private limited company, the consent of the shareholders through a special resolution and MCA approval are required. The change of name of a company will not create a new company or new entity.
How long does it take to transfer a business name?
The name change will take 12 to 15 working days to get approve.
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Documents Required For Name Change of Company
Process Involved
STEP – 1
Documentation
After the complete documentation and filing of forms with the requisite documents,the procedure of Name change of the Company takes 7-10days , subject to ROC processing time.
STEP – 2
File RUN Form
File RUN Form with ROC for approval of name and maximum 2 (Two) names can be suggested in one form. Form shall be filed with prescribed fees
STEP – 3
Name approval
Once a name for the Company is approved by Registrar, an Extra Ordinary General Meeting shall be convened as the name change requires member’s approval in General Meeting.
STEP – 4
Form MGT-14
Form MGT-14 shall be filed with Registrar of Companies within 30 days of passing Special Resolution to file a copy of Special Resolution.
STEP – 5
Form INC-24
Form INC-24 shall be filed with Registrar of Companies within 30 days of passing Special Resolution for the approval of name change with Central Government (Power delegated to ROC)
STEP – 6
Incorporation Certificate
ROC will issue a New Certificate of Incorporation in form No. – INC 11. (Rule-29 of The Companies (Incorporation) Rules, 2014). Name will be effective from the date of issue of Certificate.
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FAQs
The Executive Committee selects the names to present to the Board of Directors. The Board unanimously approves the final name
Yes, It is allowed to add the Numeric character in the Name
when the name gets approved, ROC will issue a Fresh Certificate of Incorporation consequent upon name change. The date on that would be date of change of name. Once you recieve this certificate you can change it all the statuory authorities with whom you have registered, PAN TAN Service tax, etc., Company Name plate, Letter head, Company Stamp..etc.
A trading name is a name used by an entity or person to trade commercial products or services . A trading name is not a registered business name. A business may also use its registered, legal name for contracts and other formal purposes.