Quick Answer
Changing a private limited company name requires passing a board resolution, checking availability via the RUN form, passing a special resolution in a general meeting, and filing eForms MGT-14 and INC-24 with the RoC. Approval takes 1-3 days for the RUN form and 3-15 working days for INC-24 processing.
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.
Steps involved in company name change mca for a Private limited company is as follow
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
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
Once the name approval is granted, call for an extraordinary general meeting of the member and pass a special resolution for
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
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.
Make changes to your MOA & AOA and circulate to all related parties, banks, and all other creditors
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 support@virtualauditor.in
To begin the process, you must conduct a board meeting to pass a resolution for the company name change. This resolution authorizes directors to apply for the RUN form and signifies the intent to alter the Memorandum of Association and Articles of Association.
Once you have applied for name approval to the Registrar of Companies using the RUN form and attached the mandatory board resolution, the RoC generally takes between 1 to 3 working days to grant approval for the proposed company name change.
After receiving name approval, you must pass a special resolution and file eForm MGT-14, which includes certified copies of the altered Memorandum of Association and Articles of Association. Additionally, you must file eForm INC-24 to officially apply for the Central Government's approval for the name change.
Once the RoC issues the new certificate of incorporation, you must issue the altered MOA and AOA to all related parties, banks, and creditors. Furthermore, you are required to apply for updates to your PAN, TAN, and notify the GST authorities regarding the new company name.
Yes, for assistance with company registration, MoA or AoA clarifications, or the name change process, you can reach out to the compliance advisers at Virtual Auditor by calling +91 9962230333 or by sending an email to their support address at support@virtualauditor.in.