Change In Name of Company

Change In Name of Company

The process of changing the name of a company in India involves several steps and typically takes around 2-3 weeks to complete. The following are the steps involved:

1. Board Resolution: The first step is to pass a board resolution to propose a new name for the company. The board resolution should also authorize the filing of necessary forms and applications with the Registrar of Companies (ROC).

2. Check Name Availability: Once the board resolution is passed, the company must check the availability of the proposed name with the ROC. The company can do so by submitting a Form RUN (Reserve Unique Name) to the ROC along with the prescribed fee.

3. Approval of Name: If the proposed name is available, the ROC will approve it, subject to certain conditions and guidelines. If the proposed name is not available, the company must submit a new name for approval.

4. Special Resolution: After obtaining approval for the new name, the company must pass a special resolution to adopt the new name.

5. Filing of Forms: The company must file various forms with the ROC, including Form MGT-14 for the special resolution, Form INC-24 for the approval of the new name, and Form INC-1 for the change of name.

6. Issue New Certificate: Once the ROC approves the forms and documents, the company will be issued a new certificate of incorporation with the new name.

The following documents are required for the change in the name of a company:

1. Board Resolution proposing the new name
2. Form RUN for checking the availability of the proposed name
3. Special Resolution adopting the new name
4. Form MGT-14 for the special resolution
5. Form INC-24 for the approval of the new name
6. Form INC-1 for the change of name
7. Updated Memorandum of Association and Articles of Association

It is important to note that the change in name of a company may also require changes in other legal documents such as contracts, agreements, and licenses. Therefore, the company must ensure that it updates all relevant documents and inform all stakeholders about the change in name.