Name Change - Company
A company name change involves altering the legal name of a registered company by passing a board resolution, obtaining shareholder approval, and filing the necessary forms (like INC-24) with the MCA. It must align with naming guidelines and receive ROC approval to be effective.
Company Name Change – Easy My Tax Company
Changing your company’s name is a strategic decision that can help your business grow, rebrand, or align better with new business goals. At Easy My Tax Company, we simplify the entire process for you under the Companies Act, 2013, making sure you comply with all legal requirements smoothly and efficiently.
What Does Changing a Company Name Mean?
Changing the name does not create a new company. Your existing company continues to operate with the same rights and obligations but under a new name. Legal proceedings or contracts remain valid.
Legal Framework for Changing Company Name
- Section 13(2), Companies Act 2013: A company can change its name by passing a special resolution and getting approval from the Registrar of Companies (RoC).
- Section 4(2) & 4(3): The new name cannot be identical or similar to existing company names or violate laws. Certain words require government approval.
- Rules 29(1) & 29(2), Companies (Incorporation) Rules, 2014: Companies with pending compliance defaults cannot change their names. Form INC-24 must be filed for approval.
Common Reasons to Change Company Name
- Changing from Private to Public Company
- Changing from Public to Private Company
- Voluntary rebranding for marketing or new business goals
- Reflecting change in ownership or management
- Aligning with new business activities
- Avoiding Intellectual Property conflicts
- Compliance with Registrar of Companies orders
Documents Required for Company Name Change
- Special Resolution certified copies
- Notice of Meeting and Attendance Sheet
- Altered Memorandum and Articles of Association (MOA & AOA)
- Affidavits from Directors
- Certificate of Incorporation
- Proof of Registered Office
- List of Shareholders and Directors
- Digital Signature of Authorized Signatory
Timeline for Changing Company Name
The entire process typically takes 10 to 15 working days, depending on approvals from the Registrar of Companies and other authorities.
How to Change Your Company Name?
Step 1: Board Resolution
Convene a board meeting to approve the name change and authorize a person to check name availability and call an Extraordinary General Meeting (EGM).
Step 2: Check Name Availability
Use the Ministry of Corporate Affairs’ RUN (Reserve Unique Name) facility to verify if your new company name is available and complies with rules.
Step 3: Pass Special Resolution
Call an EGM and get shareholder approval for the new name by passing a special resolution.
Step 4: File Forms with RoC
File Form MGT-14 (within 30 days of passing the resolution) and Form INC-24 to seek RoC approval for the name change.
Step 5: Receive New Certificate of Incorporation
After approval, RoC issues a new Certificate of Incorporation reflecting your new company name.
Important Post-Name Change Compliances
- Update MOA & AOA copies
- Change name on official seals and bank accounts
- Inform tax authorities, EPF, ESI
- Update PAN, TAN, GST registrations
- Revise letterheads, website, and social media
- Modify business licenses and contracts
Why Choose Easy My Tax Company for Your Company Name Change?
At Easy My Tax Company, our expert team guides you step-by-step through the entire company name change process. We ensure full compliance with legal formalities, timely submissions, and hassle-free approvals so you can focus on growing your business.
Contact us today to get started on renaming your company with confidence!
