Overview of Changing the Company Name

The company name is the identity of the product and services the entity is providing to its clients. But there are times when the entity name does not resonate with the objective, mission and value of the company, and this may be due to some business dealings, rebranding, new management or changes in the objective of the company and many more such reasons. Therefore, the entity has to change its name due to these rationales.

A Private Limited Company can change the name of the company after its incorporation. However, it has to take the consent of the shareholders via a special resolution and approval from the Ministry of Corporate Affairs in order to change the name of the company.

Our team of experts at Taxrepair will guide you in completing the whole process of changing the name of the company smoothly. Through their years of experience in this service, our team has made the procedures simple for our clients and ensured that the majority of the task is taken care of by our expert team.

Documents Required for the Changing the Company Name

• Filing of Form MGT-14
• Notice of the Extraordinary General Meeting (EGM) to all the directors
• Explanatory Statement to the Notice to all the directors
• Certified copy of the special resolution about the change in the company name
• Certified copy of Modified Memorandum of Association (MoA) and Articles of Association (AoA) with the changed name of the company. After the approval of Form MGT-14, a Private Limited Company has to file the INC-24 e-form within 30 days together with the following documents:
• Detailed Minutes of the Extraordinary General Meeting
• Notice of the Extraordinary General Meeting (EGM) to all the directors
• Certified copy of any approval order received from various government establishments like SEBI, RBI, IRDA and many more such authorities (If any)
• Certified copy of Modified Memorandum of Association (MoA) and Articles of Association (AoA) with the changed name of the company.
• Copy of resolution agreement citing the details of the members voting for the resolution and against the resolution
• Other documents regarding any additional required information will be regarded as optional attachments and will be informed accordingly to the concerned party.

Benefits of the Changing the Company Name

A Shift in the Brand/Company

With time, there might be a need to reposition the company/brand and business towards a new market. Changing the name of the company often helps the company shift to a new market seamlessly.

Leveraging the Popularity of the Product or services

When a specific product or service of the company is more popular than others, many companies change the name of their company similar to the popular product or service to leverage its popularity.

Copyright Concerns

If the company is at the risk of any copyright concerns, then it is advisable to change the name of the company to avoid any litigation concerning the copyrights.

Name as per the Location

At times it is required to change the name of the company depending upon the location one has shifted to; the change in the name will help the company be more acceptable by the people around the place.

Timelines for Changing the Name of the Company

Our professional team at Taxrepair adheres to several internal rules, policies and procedures to ensure compliance required for changing the name of a Private Limited Company is of high- quality standards. In addition, our team provides you with comprehensive, hassle-free solutions for changing the name of the company and which our professionals will deal with within a reasonable time.

You can always get in touch with our certified professionals at any point in time for consultation and assistance concerning rules and regulations throughout your journey with Taxpair. For more queries and clarity, feel free to contact us or write to us.