Changing Name of the Company

Change Company Name

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ROC Name Change of Company

The name of a company is regarded as the identity of a company, both public and private. Name clause can be altered as per the Change Company Name procedure under companies act 2013. The Memorandum of Association (MoA) of the company consists of the name clause of the company; hence change in company name ultimately results in the alteration of the MoA. The name that is adopted at the time of incorporation of the name can be changed later on according to the change of company rules.

Name Change of the Company can be done with the approval of the shareholder and Ministry of Corporate Affairs (MCA). Change in business name can be made with the prior approval of the shareholders through a special resolution, ROC will grant a new incorporation certificate on being satisfied. The change of name of the company shall not have any effect on the legal existence of a corporate entity i.e., changing the name of the company will not create a new entity.

At Unilex Consultants we provide you a hassle-free Change Company Name which would be dealt by our professionals within a time frame of 7-8 working days, subject to government processing time. Our team takes care of the documentation and aids in provide you the realistic estimation of cost.

Table of Content

What is a ROC Company Name Change?
Documentas for name Change of Company
Process of name Change of Company

Documents for Name Change of Company

New Name of Company

DSC and DIN of Directors

MOA & AOA of Company

Name Change of Company Procedure

Common Reasons for Change of Company Name

Voluntary Change of Name

The company may, on its own, decide to Name Change of Company, subject to fulfillment of all other conditions it is very much legal and normal to change the company name voluntarily.

Change in Business Activity

To reflect the new or additional business objects, the company may decide to change its name. In the instant situation, the company also alters its MOA to change the main object.

For Rebranding/Marketing

For marketing reasons or to effectively position the company’s brand, sometimes companies also change their name to bring it as per the latest trend and fashion for better brand positioning.

Change of Ownership

It is seen that after the change of ownership or takeovers, the Private Limited Company Registration name also changes to reflect upon the authority of the new management and for branding purposes.

In Compliance of ROC Direction

The ROC can also make an order directing the change in the name of company subsequent to a complaint filed by any other company claiming priority of use of name or Trademark.

Names that require approval from other authorities

If the proposed name includes words such as ‘insurance, ‘bank’, ‘stock exchange’, ‘venture capital’, ‘asset management’, ‘mutual fund’, etc., the name may be allowed with a declaration by the applicant that the requirements mandated by the respective regulator such as IRDA, RBI, SEBI, etc., has been complied with by the applicant. Also, if the proposed name contains any word or expression which is likely to give the impression that the company is in any way connected with, or having the patronage of, the Central Government, any State Government, or any local authority, corporation or body constituted by the Central or any State Government under any law then the previous approval of Central Government has to been obtained.

FAQ

Frequently Asked Questions

Companies may change their names due to various reasons, including rebranding, changes in business objectives, or a desire for a fresh identity.

No, changing the company's name does not impact its legal entity or existence as a corporate entity.

The procedure involves obtaining shareholder consent through a special resolution, checking name availability, passing a special resolution, applying for MCA approval, and updating company documents.

The process usually takes around 15-30 days, depending on government processing times.

The name must comply with Companies Act 2013 Naming Guidelines and should not be undesirable or similar to existing names.

Yes, shareholder consent is required through a special resolution.

Yes, it's possible to change the name multiple times, but there are specific requirements and restrictions.

You will need a board resolution, special resolution, application for approval, and updated Memorandum of Association and Articles of Association.

No, it cannot be identical or closely resembling an existing company's name.

Yes, there is a requisite fee for filing the application for company name change.

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ROC Name Change of Company

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