Change in Name

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Change in Name

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Overview

Changing the name of your private limited company involves a defined procedure outlined by the Companies Act, 2013. Following these steps accurately protects you from legal complications and ensures a smooth transition to your new name. CAA guides you every step of the way, minimizing disruption and maximising clarity.
Eligibility:

Any private limited company registered in India can change its name, provided the proposed name:

● Does not violate any trademarks or existing company names.
● Complies with naming restrictions listed in the Companies Act.
● Is not undesirable or offensive.

Features of Changing Your Company Name:

● Enhanced Brand Identity: Aligns your name with your evolving vision and values, potentially strengthening brand recognition and customer loyalty.

● Strategic Repositioning: Allows you to adjust your name to reflect new market changes, target audiences, or product offerings.

● Improved Market Relevance: Creates a name that resonates with your desired audience and strengthens your competitive edge.

● Compliance and Legal Certainty: Following proper procedures safeguards your company from legal challenges and penalties associated with unauthorised name changes.

Detailed Step-wise Procedure:

1. Board Resolution: Pass a resolution at a Board Meeting or General Meeting (depending on the requirement) to propose the new name change.

2. Name Availability Check: Obtain name clearance from the Registrar of Companies (ROC) by submitting an application with the proposed name.

3. Special Resolution: Pass a special resolution at a General Meeting of shareholders approving the new name change, with at least three-fourths majority vote.

4. Form INC-24 Filing: File Form INC-24 with the ROC within 60 days of the special resolution, along with required documents and fees.

5. New Certificate of Incorporation: Upon approval, receive a new Certificate of Incorporation reflecting the changed name.

List of Documents Required:

● Board resolution proposing the name change
● Proof of name availability from ROC
● Copy of the special resolution approving the name change
● Proof of publication of notice in a local newspaper and the Official Gazette
● Payment challan for filing fees
● Additional documents may be required depending on the specific state and ROC requirements.

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*Fee is inclusive of Government Fee, Out of Pocket Expenses, Professional Fee and GST.

Common Questions

Most Popular Questions


What is the procedure for changing the name of a private limited company in India?




The procedure involves obtaining board approval, members’ approval, filing necessary forms with the RoC, publishing advertisements, updating company records, and obtaining RoC approval.


Reasons for changing the name may include rebranding, mergers, acquisitions, change in business activities, or any other reasons requiring members’ approval.


The company must comply with the provisions of the Companies Act, 2013, and obtain approval from the members, creditors, and RoC for changing the name.


The new name must comply with the naming guidelines prescribed by the RoC, including uniqueness, relevance, and non-violation of trademarks or copyrights.


Documents such as board resolution, special resolution, notice of general meeting, altered memorandum of association, advertisement copies, and necessary forms for filing with the RoC are required.


Late filing or non-compliance can attract penalties and potential legal complications.


Yes, CAA offers comprehensive support, from checking name availability and drafting resolutions to filing forms with the ROC, managing public notices, and updating records with relevant authorities.



Is there a timeline for completing the process of changing the name?




The process must be completed within a specified timeline, including convening and conducting general meetings, filing forms with the RoC, and publishing advertisements.


Non-compliance may lead to penalties, fines, legal action, rejection of application by the RoC, and adverse impact on the company’s compliance status and reputation.


Yes, Avenue Advisory provides expert assistance for changing the name, including drafting of resolutions, preparation of documents, filing with the RoC, and compliance monitoring.


Avenue Advisory ensures compliance with the name change procedure by guiding clients through the process, preparing accurate documents, and liaising with the RoC for timely approvals.


Outsourcing to Avenue Advisory ensures accuracy, compliance, timely processing, and expert support, relieving companies from the administrative burden and ensuring smooth name changes.


Outsourcing to Avenue Advisory ensures accuracy, compliance, timely processing, and expert support, relieving companies from the administrative burden and ensuring smooth name changes.


Yes, existing contracts and agreements may need to be amended to reflect the new company name. Consult with legal counsel for specific advice.

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