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Company Name Change
Change Company Name
The change Company Name process is governed under Section 13 of rule 29 of the Companies (Incorporation) Rules, 2014. A company can change its name with the approval of shareholders in the general meeting & filings forms with the Ministry of Corporate Affairs.
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Online Change Company Name in India
A company is a legal entity that is required to have a name of its own to establish a separate identity in the market. The name of a company is a symbol of its independent corporate existence. The initial clause in the Memorandum of Association or MOA of the company states the name by which a company will be known to the public. The company is allowed to adopt any suitable name provided that the name is not undesirable.
Change in the Name clause of the Company involves the Alteration of Memorandum of Association and Articles of Association of a Company. Section 13 and Section 14 of the Companies Act, 2013 regulates the procedure of amendment in the Memorandum of Association and Articles of Association respectively and is also applicable to all the Companies.
Section 13 of the Companies Act, 2013, deal with a change in the name of a company that says that the name of a company can be changed by passing a special resolution and also with the complete approval of the Central Government of the country. An approval from the Central Government is not required if the change is related to the addition or deletion of the word “Private” to the name of the company.
What is the Need to Change Company Name in India?
The primary need to Change Company Name is as follows:
- Voluntary Change
- Change in the Business Objective
- Enhance the Brand Value
- Discard Boundaries Assumed by Name
Other important Points for Change Company Name in India
The other important points for Change Company Name in India are as follows:
✔ The new approved name should be reserved for a time period of 60 days.- ✔ The change company the name should not be allowed for the following Companies:
1. The company which has not filed the annual returns in e-Form MGT-7 or financial statements in e-Form AOC-4;
2. The company which has failed to pay or repay the matured deposits or debentures or interest thereon.
- ✔ It is not primarily important that the changed company name must reflect the primary object of the Company. However, the same is always recommendable by the authorities.
- ✔ In the case of conversion of a Company from private to public, the deletion of the word “private” does not involve any change in the name clause procedure of the company.
Documents Required for Change Company Name in India
The essential documents required for Change Company Name in India are as follows:
- Digital Signature Certificate of one of the authorized directors to be provided;
- A copy of the latest amended Memorandum of Association and Articles of Association of the company;
- Certificate of Incorporation of the company to be provided;
- Copy of PAN card of the company should be provided;
- Complete Minutes of the members meeting.
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