Can we change company name in India?
Procedure for Changing The Name of Limited Company in India. A board resolution shall be passed for changing the name of the company and authorizing the Director of the company or Company Secretary, to make an application to confirm the availability of the name proposed.
How much does it cost to change the company name in India?
The government fee for filing the RUN application is Rs. 1000/-. The ROC approves the new name if it is unique and not the same or similar to an already existing company, LLP, Domain or Trademark.
Can company name be changed?
Changing company names amounts to a significant alteration since Memorandum of Association and Articles of Association need to be altered. As per Section 13 of the Companies Act 2013, a company may change its name by passing a special resolution in general meeting and receiving approval from the Central Government.
What happens if a company changes its name?
A name change is neither intends to reform or re-incorporate the company or LLP into a different entity or dissolve it. A certificate declaring the change of name does in no way affect the existence of the entity. Hence, all assets, liabilities and obligations of the company or LLP would continue after the name change.
How long does it take to change a company name India?
Timelines for steps:
| Step | Procedure | Timeline |
|---|---|---|
| Step 3 | Calling a Board Meeting to convene General Meeting | Depends on date of receipt of approval from ROC, if that date is Y then, Y or Y+1 days |
| Step 4 | Convening General Meeting | Y+ 2 days |
| Step 5 | Filing of Form MGT-14 and INC-24 | Y+3 days |
When should a company change its name?
Here are some top reasons we recommend a company name change.
- You suffer from brand confusion.
- You’ve changed industries, products or strategies.
- It’s a legacy name that no longer works.
- It’s too closely tied to a location.
- It’s too generic or mediocre.
What are the documents required for company name change?
Subsequent to the issuance of the new incorporation certificate, steps must be taken to incorporate the new company name in all the copies of Memorandum of Association, Articles of Association and Certificate of Incorporation issued by the Registrar.
Is it expensive to change a company name?
A new company name must: not be identical to an existing name held by another entity on our registers….Step 1 – Choose a new name.
| When the business name holder is… | the name is available if… |
|---|---|
| a company | it is the company itself which is changing its name |
What is procedure for change of name?
Broadly classified, the procedure for name change involves only three steps: Make an affidavit for change of name. Place newspaper advertisement with details of change of name. Submit papers to The Department of Publication.
How can I change my company name?
7 Steps to Changing Your Business Name
- Research the new name. Start by checking the U.S. Patent and Trademark Office.
- Notify your secretary of state.
- Change licenses and permits.
- Notify the IRS.
- Apply for a new EIN.
- Update your business documents.
- Communicate with your customers.
Is it hard to change company name?
Whatever the reason, you can easily change your LLC’s name by filing paperwork with your state agency that handles business filings. The most difficult and time-consuming part of an LLC name change is altering your LLC’s name on all your business accounts, contracts and marketing materials.
Is it hard to change business name?
Changing the name of your limited liability company (LLC) is not difficult. But you want to make sure you take all the necessary steps and do the required follow up work, like changing your bank accounts and business licenses and notifying the IRS and others of the change.