Private limited Company Name Change A Complete guide
You have successfully registered your company started running it and you figure out that your business name just doesn’t work out, the reason for the change of could be anything starting from customer non-connection, lengthy names, astrological reasons, numerical reasons or you want to use the short form you registered the name the reason could be anything , now lets look a complete guide on private limited company name change.
Procedure for Private Limited Company Name Change
Steps involved in company name change mca for a Private limited company is as follow
Step 1: Conduct Board Meeting and Pass Board Resolution for Company Name Change
Companies Act 2013, lays down the procedure to follow for the name, the board of directors pass a resolution for a name change and to authorize directors to apply for RUN FORM, then the board must convince for altering the Memorandum of Association & Articles of Association
Step 2: Check Company Name Availability in RUN Form
The next step is to research your new companies name, ensure that it is acceptable as per company name availability guidelines issued by the Ministry of Corporate Affairs
Please refer our guide on company name selection HOW TO CHECK COMPANY NAME AVAILABILITY FOR COMPANY REGISTRATION A STEP BY STEP GUIDE
Apply for Name approval to RoC in RUN form, attaching the board resolution mentioned above to the RUN form is mandatory
RoC generally takes anywhere between 1 to 3 working days for company name change approval
Step 3: Post Name Approval Pass Special Resolution for Company Name Change
Once the name approval is granted, call for an extraordinary general meeting of the member and pass a special resolution for
- Alteration of Name Clause of Memorandum Association
- Alteration of Name Clause of Articles of Association
Step 4: Application for approval of Company Name Change
Prepare and submit the following
eForm MGT-14 along with a certified true copy of the necessary resolution for alteration of Memorandum of Association and Articles of Association (MOA and AOA) need to be filed
eForm INC-24 (Application for approval of Central Government for a change of name) needs to be filed, to give effect to change in name.
RoC usually takes between 3 to 15 working day for the approval of this form
Step 5: Issuance of New Certificate of Incorporation
Registrar of Companies would scrutinize the forms and if the eForms were in order, ROC will issue a new company name change certificate of incorporation .
Step 6: Make Changes & Issue the altered MOA and AOA
Make changes to your MOA & AOA and circulate to all related parties , banks, and all other creditors
Step 7: Apply for PAN & TAN & GST
As the company name has changed, you need to apply for Company name change in your PAN & TAN and intimate the name change to GST and update all other statutory registers
For assistance on Company registration or any clarification on MoA & AOA Talk to our Compliance Advisers at + 91 9962230333 or email us at [email protected]
