Company Name Change services
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We, at K M Gatecha & Co LLP, provide Company Name Change Services along with numerous other services such as accounting services, audit services, company registration services, GST filing, returns and refund services, Income Tax returns preparation and filing services to our clients in an efficient and hassle-free manner. We also believe in providing our clients with the complete knowledge about the service that they are looking to avail.
Company Name Change services
Company Name Change services
Services provided for Company Name Change at K M Gatecha & Co LLP:
- Evaluation of change of company name,
- Collection of documents,
- Digital Signature services,
- Filing RUN application (Reserve Unique Name) with Registrar of Companies,
- Filing of MGT-14 (approval form with ROC),
- Filing INC-24,
- Replying to queries.
Documents required for Company Name Change Services:
- Common Documents:
- Current Certificate of Incorporation,
- Memorandum of Association and Articles of Association in word format,
- List of shareholders and directors,
- Proposed name or names in order of preference,
- Digital signature of Director,
- Letterhead and rubber stamp of Director.
- For RUN form:
- Copy of board resolution,
- Consent of trademark owner.
- For MGT-14 and INC-24:
- EGM (extraordinary General Meeting) notice along with explanation statement,
- Certified copy of EGM resolution,
- Altered MOA and AOA,
- Attendance sheet of EGM,
- Consent for shorter notice period for change in name (if applicable).
- Special Documents required for Food Business:
- Sale deed or rent agreement,
- Electricity or utility bill not more than 2 months old.
Common reasons for Company Name Change:
- Common change of name,
- If the company decides to change its name, then it is completely legal and normal to change the name voluntarily (provided all other conditions are fulfilled).
- Changes in Business Activities
- The company may decide to change its name to reflect the new or changed business activities that it is going to conduct in the future,
- The Memorandum of Association is also required to be changed in the situation to change the main object.
- Rebranding or marketing,
- The name change might be required to create a better brand image or perception along with marketing needs.
- Ownership change,
- If there is an ownership change then the name of company might need to be changed to reflect the change in ownership and for branding purposes.
- Due to
- IPR issues,
- The current name of company may be in violation of Intellectual property rights with another entity and if the entity lays claim on the trademarks or copyrights the company needs to change the name to avoid IPR conflicts.
- Compliance to ROC orders.
- If the ROC makes an order to the company to change the name after receiving a complaint from another entity regarding use of name or trademark, then the name needs to be changed.
Process of Company Name Change:
- Hold a board meeting,
- Pass a resolution for company name change.
- File RUN application,
- For approval of proposed name by
- Hold EGM,
- For passing of special resolution.
- File MGT-14,
- For registration of special resolution.
- File INC-24
- For approval of central government.
- Issuance of fresh certificate of incorporation by ROC.
Steps required after Company Name Change:
- Change in name of following:
- Official seal of company (in directors and authorised signatories as well)
- Promissory notes, bills of exchanges and other applicable documents,
- Bank account,
- ESI, Provident fund, and other tax authorities,
- PAN and TAN,
- Common seal (if applicable),
- Letterheads, business cards and other stationaries,
- Business licenses or permits,
- Employment and business contracts,
- Company statutory registers,
- All other avenues that are applicable.
FAQS on Company Name Change services
- The name of an existing company can be changed after completing the processes required by ROC and central government,
- After the above approval, MOA and AOA of company need to be changed.
- In case of rebranding or when the change in company name can assist in growth of company by creating a brand image or differentiation in the market, then yes, a change in name of company is advised.
- In case of intellectual property rights conflict or when ROC makes an order to change the company name, the name needs to be changed mandatorily to avoid those conflicts of trademark, use of name, or copyrights.
- The shareholders (when 75% majority in favour is attainted) have the power to change the name of the company through a special resolution passed in EGM.
- Under section 13(3), when the company name is changed or altered under section 13(2), the name of company in Registrar of companies is also altered and new certificate of incorporation is issued in the new name.
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