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A company may change its name by simply passing a resolution in its general meeting, according to Section 13 of the Companies Act of 2013. However, approval from the Central Government and an update with the Registrar of Companies (RoC) are required for the change to take effect. The company's Articles of Association and Memorandum of Association are also significantly altered.
Please keep the following points in mind when a company's name is changed
MGT-14: This e-form, along with the following documents, is to be filed with Roc (Registrar of Companies) on the Ministry of Corporate Affairs portal.
After MGT-14 is approved, the INC-24 e-form is filed with the Roc on the Ministry of Corporate Affairs Portal within 30 days, along with the following documents.
Changing your company name can help align it with your current business vision, enhance branding, or comply with legal requirements.
The process involves obtaining shareholder approval, filing the necessary forms with the Registrar of Companies (RoC), and updating your business documents and licenses.
Yes, the new name must comply with the naming guidelines set by the RoC, and you should ensure it is not identical or similar to existing company names.
The name change process can take anywhere from a few days to several weeks, depending on the RoC's processing time and the completeness of your documentation.
Yes, it’s important to inform your clients and stakeholders about the name change to avoid confusion and ensure continued business relations.