TAX
PaieOverview of Company Name Change
Changing the name of a company involves updating the company's registered name as per the rules laid out by the Ministry of Corporate Affairs (MCA). This requires shareholder approval and updating legal documents, certificates, and agreements to reflect the new name
Scenarios of Company Name Change
Companies wishing to rebrand or align their name with new business goalsBusinesses undergoing mergers or acquisitions requiring a name change
Companies that need to change their name due to legal or regulatory reasons
Benefits of Company Name Change
1. Rebranding Opportunity
Aligns the name with the company’s vision, products, or services
2. Enhanced Market Position
Helps in appealing to a new customer base or market segment
3. Compliance
Fulfills regulatory requirements in case of legal disputes over the existing name
4. Recognition
Improves brand recognition by adopting a more relevant or unique name
Documents Required for Company Name Change
- Board resolution approving the name change
- Shareholders’ approval through a special resolution
- Existing Certificate of Incorporation
- Memorandum of Association (MoA) and Articles of Association (AoA) (to be updated)
- Digital Signature Certificates (DSC) of authorized directors
- Director Identification Numbers (DIN) of all directors
- Application form (INC-24) for name change approval
- Proposed new name with proof of name availability (approved through RUN)
Step-by-Step Process for Company Name Change
1. Board Meeting
Pass a resolution to approve the name change
2. Check Name Availability
Apply for name reservation using the RUN service on the MCA portal
3. Special Resolution
Conduct a General Meeting to pass a special resolution for the name change
4. File Forms
Submit Form MGT-14 (special resolution) and Form INC-24 (application for name change approval) to MCA
5. Approval from MCA
Upon approval, obtain a new Certificate of Incorporation
6. Update Records
Update the MoA, AoA, company PAN, bank account, and other official records with the new name
Frequently Asked Questions
Can the name of a private limited company be changed without altering its MoA and AoA?
How long does the company name change process take?
What happens to existing contracts and agreements after a name change?
Can the new name be similar to another registered company’s name?
Is the company required to inform banks and other authorities about the name change?
Other Services
ROC Filing
Other Services
Add a New Partner in LLP
Adding a partner to an LLP involves updating the partnership agreement and notifying the Ministry of Corporate Affairs (MCA).
ADT-1 Filing
Filing Form ADT-1 informs RoC about the appointment or reappointment of an auditor within the company.
Annual Compliance for One Person Company
OPC compliance includes filing returns, financials, and forms under the Companies Act,2013.
Annual Compliance for pvt ltd
Annual compliance for a Private Limited Company includes filing returns, financials, records, and ensuring governance.
Annual Filing for LLP
Annual filing for an LLP includes submitting returns, financial statements, and income tax returns to the MCA for compliance.
DIR-3 KYC Filing
DIR-3 KYC filing is mandatory for DIN holders to update details with MCA, ensuring DIN validity and transparency.
DPT-3 Filing Online
DPT-3 is an annual return filing requiring companies to report deposits, loans, or advances, ensuring MCA compliance.
Event Based Compliances
Event-based compliances under MCA involve filings triggered by changes like directors, share allotments, or MOA alterations.
Removal of Partner from LLP
Removing a partner from an LLP requires updating the LLP agreement and notifying the MCA to disassociate the partner.
Share Transfer
Share transfer in a Private Limited Company involves transferring ownership between shareholders, following AOA and Companies Act, 2013.
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