Changing the Name of the Company
Why to Change the name of Your Company ?
People change their company’s name for the following benefits
- Capitalizing on the Popularity of a Product/Service
After gaining popularity for a particular product or service, it can rename its company around that product/service
- For making the name catchy and Memorable one can change the company’s name
- When company move into a new market ,it helps in Repositioning the brand or company
- For Avoiding Copyright Issues and to avoid problems
- For Changing of the Ownership a new name would be helpful
Overview of Changing the Name of the Company
Sometimes, the name you choose once doesn’t feel right anymore or is not working for your business. In such situations you can easily change the name of your company to something that suits more to your future plans. Though it might sound like an easy task but the process to change the name of your company quite is tiresome.
Process of Changing the Name of a Company
you will need to follow the 5 steps to get the name changed:-
The directors should approve the new name and authorise a director or a company secretary to check the availability of the new name
It is advised to shortlist four to five business names before checking the availability
DOCUMENTS REQUIRED
Documents to be Submitted
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The Form MGT-14 need to filed with the RoC along with, Notice of the EGM,certified copy of the special resolution, explanatory statement and copy of altered MoA and AoA
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Once MGT-14 is approved then the INC-24 e-form should be filed within 30 days along with certified copy of the minutes of the EGM, notice of EGM, copy of approval order, copy of resolution agreement and copy of altered MoA and AoA along with the new company name
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