The Company may change its name due the following reasons:

• Brand Confusion: If a brand confusion occurs with other competitors with in your own industry, you may loose the business and may change the company name to know that yours is an unique.

• Change of Line of Business: When you change the industry, products and strategy, the company name change is required.

• Legacy Name: Many companies choose to name their organization after their founder. This is especially common with professional services firms, ranging from the financial and legal sectors to architects and creatives. But, if your organization doesn’t have that level of name recognition or legacy, founder-based names might be problematic for you especially if the founder leaves the organisation.

• Locatoin Name: Many local businesses choose to brand their company based on their location and if you want to expand to other locations, this can be especially limiting.

• Generic: You name should be one of your company’s distinguishing factors. However, if your name is too generic or unmemorable, it might be time to let it go.

• Company Name is Big: Once you create a brand in the market, you can apply for change of name with that brand. Ex. Delhi Cloth Mills Limited changed their name to DCM Limitd.

• Difficulty in Pronouncing: When customers are finding difficulty in prounouncing your company name, you can opt for change of name.

• Government Orders: If your company name is violative to the provisions of the Companies Act, the government may give you an order to change the name.

• Sentiment: You may change the company name as per your sentiment.

• Tkeover: When the company is takenover by other investors, they may apply for change of company name.

Section 13 (2) of the Companies Act, 2013 and rule 29(2) of the Companies (Incorporation) Rules, 2014 prescribe the procedure for change of Company Name:

• Section, 13 of the Companies Act: Subject to the approval of the Registrar of Companies, the name of the Company can be changed by passing a special resolution in the general meeting of the members of the company.

• Rule 29(2) of the Companies (Incorporation) Rules, 2014: An application shall be filed with the Registrar in Form INC-24 along with the pament of prescribed fee.

The following documents are required for change of Company Name.

• Extracts of Board Resolution

• New Name Approval Letter

• Digital Signature Certificate of one of the directors

• Notice of General Meeting along with Explanatory Statement

• Extracts of Members Resolution

• Altered MOA

• Altered AOA

Herein below is the step by step process to change the company name.

• 1

  Board Meeting:

  Through CompaniesHouse - One Hour Job

  Hold a board meeting to change the Company Name and provide us the extracts of board resolution.

• 2

  Company Name Application through RUN:

  Through MCA web portal - 30 Minutes Job

  Once the documents are ready, we will make an application for change of name through RUN. Then, MCA Office will approve the name if it subject to availability and issues the name approval letter through email.

• 3

  Take Shareholders Approval:

  Through CompaniesHosue - Duration is subject to AOA

  Convene a general meeting of the members of the company and take the ascent of the members by passing a special resolution. Arrange the general meeting notice, explanatory statement, extracts of members resolution, Altered MOA and Altered AOA.

• 4

  Filing of Form MGT-14 & Form INC-24:

  Through MCA web portal - 1 Hour Job

  Then, we will file the above documents as an attachments to Form MGT-14 & Form INC-24 and pay the requisite fee.

• 5

  MCA Approval:

  Through MCA web portal - Duration subject MCA Processing time

  Then, if all the documents in order, the MCA will approve the forms and issues you the ned Certificate of Incorporation consequent upon the Company Name. Then you can make corrections wherever required.

  You can find herein below the instruction KIT:

As an Official Company Registration Agent, we have built strong ties with the Ministry of Corporate Affairs, Govt of India since our own formation. Since we began, our goal has been to provide a seamless incorporation process that is quick and simple to use. Today, our company registration system is one of the most effective and efficient in India. In just over 5 minutes you can submit your new company name application, and often in just 3-5 days, your company will be fully registered. We also keep our company formation pricing competitive, while always exploring innovative ways to provide value to our customers. We are pleased to be one of the most affordable ways to start a company in India.

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Our clients have access to free support from an expert team. We are always on standby to help. If you need assistance at any point before, during, and after the registration of your company, you will be able to reach us by telephone or email.