Change Company/Business Name in India

Avoid IPR issues

Change in Business Activity

Compliance with RoC Direction

Why Change Your
Business Name?

 

There are numerous reasons why businesses choose to change their name. Perhaps your current name no longer reflects the products or services you offer, or maybe you're looking to reposition your brand in the market. Whatever the motivation, changing your business name can breathe new life into your company and help you better connect with your target audience. 

NGH & Associates understands the importance of a smooth and hassle-free name change process. Our dedicated team of experts is here to guide you through every step of the journey, ensuring that your transition to a new business name is seamless and stress-free.

Documents Required To Change Company Name

  • Board Resolution authorizing the name change
  • Shareholder Resolution approving the name change
  • Application for Name Approval in prescribed Form with the RoC
  • Memorandum and Articles of Association reflecting the new name
  • Copies of public notice published in newspapers
  • Updated statutory records and registers
5674582_53520 (1)

How to Change Business Name: Detailed Procedure!

Ensuring your Non-Banking Financial Company (NBFC) remains compliant with regulatory standards is crucial for its stability and reputation. 

1.

Start with a meeting of the board of directors to propose and approve the change of company name. 

3.

Shareholders typically vote on the proposed name change through a special resolution, requiring a specified majority as per the Companies Act and your company's articles of association.

5.

This application must be accompanied by the necessary forms, resolutions, and supporting documents as prescribed by the Companies Act and rules issued by the Ministry of Corporate Affairs (MCA).

7.

The approval process may take several days to weeks, depending on the workload of the RoC and the completeness of the application.

9.

Publish a public notice regarding the change of company name in at least one English and one vernacular newspaper circulating in the locality of the registered office of the company. 

2.

Once the board resolution is passed, call for a general meeting of shareholders to obtain their approval. 

4.

After obtaining shareholder approval, file an application with the RoC for approval of the new company name. 

6.

RoC will review the proposed name change and issue a Certificate of Incorporation with the new name upon satisfaction of all legal requirements. 

8.

Once the new name is approved by the RoC, update all statutory records, including the Memorandum and Articles of Association, share certificates, and other legal documents, to reflect the change.

Ensure Seamless Compliance After Your Name Change

Reach Out to NGH & Associates For Post-Name Change Compliances

Contact Us for Expert Guidance!

How We Help You?

  • Our process begins with a comprehensive consultation to understand your reasons for changing your business name and your desired outcome. 
  • We'll work closely with you to develop a clear strategy and timeline for the name change process, taking into account any legal requirements or implications.
  • Our team will conduct thorough research to ensure that the chosen name is available for registration and does not infringe on any existing trademarks or intellectual property rights.
  • We'll handle all the necessary documentation and filings required to officially change your business name. 
  • Changing your business name involves more than just updating your signage and stationery. 
  • Our team will assist you in navigating the process of updating your branding, marketing materials, website, and other assets to reflect your new identity. 
  • We'll work with you to develop a comprehensive transition plan to minimize disruption to your operations and ensure a seamless rebranding experience.
85259470_File management administration- data filing concept- flat illustration vector 2

Compliances After Change of Company Name

After successfully changing your company name, it's essential to ensure compliance with various legal and regulatory requirements to reflect the new identity accurately. 

  • Amend the Memorandum and Articles of Association (MoA and AoA) of the company to reflect the new name. 
  • Update the Permanent Account Number (PAN), Tax Deduction and Collection Account Number (TAN), and Goods and Services Tax (GST) registration with the new company name. 
  • Notify your bank about the change of company name and update the bank account details accordingly. 
  • Update the statutory registers and records maintained by the company, including the register of members, register of directors, and register of charges, to reflect the new company name accurately.
  • Update all licenses, permits, and registrations obtained by the company with the relevant authorities to reflect the new company name. 
  • Review and update all existing contracts, agreements, and legal documents entered into by the company to reflect the new company name. 
  • Update the company's website, marketing materials, business stationery, and signage to reflect the new company name. 
Schedule Your Consultation with
NGH & Associates Today
Button- Let's Talk

Disclaimer: The information provided on this page is for general informational purposes only. It is not intended to be, nor should it be construed as legal, financial, or professional advice. Readers are advised to seek appropriate guidance and conduct their own research or consult with a qualified professional regarding specific legal, financial, or business matters. The author and publisher of this content make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained herein. Any reliance you place on such information is therefore strictly at your own risk. In no event will the author and publisher be liable for any loss or damage arising out of, or in connection with, the use of this information. 

Insights