Company Name Change

Changing a company name is a significant corporate action that requires adherence to specific legal procedures under the Companies Act, 2013. Here's a breakdown of the process:

1. Board Resolution:

• The company's board of directors must pass a resolution approving the change of the company name.

2. Name Reservation:

• Use the Reserve Unique Name (RUN) facility on the Ministry of Corporate Affairs (MCA) portal to check the availability of the proposed new name.

3. Special Resolution:

• Convene an Extraordinary General Meeting (EGM) of shareholders to pass a special resolution approving the name change.

4. Filing Form INC-24:

• File Form INC-24 with the Registrar of Companies (RoC) for approval of the name change. This form requires details of the new name, reasons for the change, and supporting documents.

5. Filing Form MGT-14:

• File Form MGT-14 with the RoC to file the special resolution passed by the shareholders.

6. Obtaining Certificate of Incorporation with New Name:

• Upon approval of the name change by the Central Government, the RoC will issue a new Certificate of Incorporation with the new name.

Important Considerations:

• Legal and Regulatory Compliance: Ensure that all legal and regulatory requirements are met.
• Updating Records: Update all the company's records, including the Memorandum of Association (MoA) and Articles of Association (AoA), to reflect the new name.
• Informing Stakeholders: Inform all stakeholders, such as banks, clients, and suppliers, about the change in the company name.
• Public Notices: Publish a public notice in newspapers about the name change.
• Stamp Duty: Pay the necessary stamp duty for the change in name.

Additional Tips:

• Professional Assistance: Consider hiring a professional to handle the process, especially if you're unfamiliar with the procedures.
• Accurate Documentation: Ensure all documents are accurate and complete to avoid delays.
• Timely Filing: File all necessary forms within the specified timeframes.

By following these steps and considering the specific requirements, you can successfully change your company's name.