Compliance Checklist for Change in Name of a Company

Updated on February 26, 2024 03:13:05 PM

Changing the name of a company can be an exciting endeavor, often driven by rebranding initiatives or shifts in business focus. However, it's crucial to navigate the compliance requirements associated with change in name of a company to ensure a smooth transition while adhering to legal obligations.

The name of a company can be changed anytime after the incorporation, but there are several compliances that need to be followed for changing the name of a company.

Professional Utilities can help change the name of your company with ease, due to years of experience in company incorporation and filing compliances.

table content image

Circumstances for change in name of a company

The possible circumstances for change in name of a company are listed below:

  • Due to Brand confusion.
  • Due to change in the industry or the product line.
  • Due to the length of name of the business.
  • Disliking the name.
  • Name is irrelevant to the industry of operation.
pu seperater

Procedure for change in name of a company

The steps and procedure of change in name of a company are:

Step-1: Check for Applicable provisions with respect to name Change

The provisions related to name change of a company are given in Section 4 of the companies Act, 2013. In case of a private limited company, the company name must end with “Pvt Ltd” and for public limited it must end with “Ltd” at the end. Any word in the name of the company must not be associated with the name of any government undertaking

Step-2: Application for Name Availability

The next step is to check for the name availability of the new name of the company. A required form needs to be filed with the registrar of companies with the proposed name. The proposed name must be unique and must follow all the rules and naming conventions as given by the MCA.

Step-3: Board Approval

The event of change in name of the company must be approved by the Board of directors. The process of Board approval must go through proper standards mentioned in Section 173 of the Companies Act. It is important to file all the financial returns and clear all the dues before applying for a company name change.

Step-4:Application for Name Change

After getting confirmation from the Board of Directors regarding the name change of the company, the application for the name change can be made through the RUN(Reserve Unique Name) facility by the Ministry of Corporate Affairs.

Step-5: Name Approval from central Government

After the application of name change, the approval needs to be taken from the central government. The government will review the uniqueness and check if the name is chosen considering the naming conventions of selecting a name.

Step-6: Shareholder Approval

The change in the name of the company is subject to alteration in the MoA of the company. Therefore before amending MoA an approval needs to be taken from the shareholders regarding changing the name of the company.

Step-7: Registration of New Name of the Company

After validation of e-forms and attachments, the ROC will register the new name of the company and issue a new Certificate of Incorporation in Form INC-25 of the company.

Compliances after Name Change

There are certain compliances that are applicable after the name change of the company:

pu seperater

How Professional Utilities can help you?

Changing the name of a company requires a long legal process which can be done easily by a practising professional. We have a team of professionals who can file all the necessary compliances for a company name change. Contact our team to discuss the further process of company name change.

pu seperater

Conclusion

Changing the name of a company can be a complicated process as it involves various steps and procedures to be followed. There are various compliances for changing the name of a company which strictly needs to be followed by every company.

If you need any assistance in changing the name of a company, then contact our team at Professional Utilities.

Get Expert Consultation

pu seperater

Related Reads:

why choose image

Why Professional Utilities?

At Professional Utilities, we leverage our industry knowledge and expertise to help businesses navigate complex regulations, minimize risks, and optimize operations for maximum efficiency and profitability.

best price in market

Best Price
Guarantee

Easy Registration

Easy Registration
Process

All Corporate Services

One Stop Corporate Solution

PAN India Services

PAN India
Services

Expert CA/CS Assistance

Free Expert
Assistance

Google Verified Bussiness

Google Verified
Business

Dedicated Support staff

Dedicated Support
Staff

Money-Back Guarantee

Money-Back
Guarantee

Trusted By

clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
clients logo
Lappy Maker
pu seperater

Frequently Asked Questions

What is the legal requirement of change in company name?

As per the Companies Act, 2013, there is a need to pass a special resolution in the Board meeting regarding the name change of the company. Apply for name change and receive approval from ROC and central government.

What is the procedure for changing a company name?

Once the special resolution of the company is passed, the special resolution and application for the name change must be filed with ROC.

Does the company need to obtain a new PAN after the name change?

The company needs to update the PAN and TAN with the new name.

How many names can a company submit in the RUN form?

While filling the RUN form the company needs to submit two proposed names of the company.

Speak Directly to our Expert Today

Reliable

Reliable

Affordable

Affordable

Assurity

Assured

Whats_app.svg
Call_icon.svg