Know about the
Company Name Change

A company's name can be changed whenever after its incorporation. It being an entity managed by law, it needs to follow a particular pattern specified by the Companies Act, 2013. The process includes convening board meetings and member’s meetings for their individual assent, which will be followed by name reservation and approval from concerned registrar of companies for said change. A New Certificate of Incorporation will be given by RoC in the new name after refreshing the Register of Companies. The organization name change doesn't affect the presence of the organization, which leaves all the resources and liabilities unaffected.

Importance of Changing a
Company Name?

Changing the name of a company can't go on without conforming to the necessities of choosing a company name set by the Registrar of Companies.
Getting a company’s name changed by the Registrar of Companies (RoC) is no little matter! Executing an organization name search will help you select a suitable name. Similar principles and laws apply to change an individual's name, also. The system to change the organization name is very much characterized and is to be followed carefully. Hence, it is essential to follow all the necessities of the registrar of companies in India.

Advantages to
Changing Company Name

1. At the point when You Can't Get A Copyright:
Obtaining copyright and brand name is crucial for the accomplishment of a business as it forms part of its marking and marketing strategy. However, if the current name of the company can't get copyright it will influence income streams and future acquiring potential. For new names, check organization name accessibility, before you choose to change the organization name.

2. Memorable Business Name:
From an advertising and business point of view, memorability is everything with regard to the name of the company. So while registering the name of the company with the Registrar of Companies, ensure you pick a name that is not difficult to recall, and also the one that is accessible according to an company name check.

3. Repositioning:
To change an company name or a brand's name, particularly when your business is prepared to move into another market assists with the idea of repositioning. This is done to focus on one specific item or specialty that is showing improvement over others, or when entering another market.

4. Specific product or service:
This happens when a business acquires popularity for one specific item or administration. Hence, a business or a brand can be renamed to gain prominence and produce more interest, ordeals.

5. Location Friendly Name:
When it comes to settling on the best way to change the organization name, one easy approach to push ahead is to think about the area. In the event that your business is moving to an area, at that point it is reasonable to rename your business to something that is all the more friendly and adequate with the area of the business.

6. Change of Ownership:
At the point when a business passes possession, it is just normal for the new proprietor to check organization name accessibility, and change organization name. For this reason, the owner will move toward the enlistment center of organizations in India to change his/her organization name.

Forms Required For
Company Name Change

At the point when a company chooses to change its name, a goal is passed among the governing body/individuals from the organization. After which, the following two reports are filed with the registrar of companies;
1. MGT-14:
This e-form is filed with the registrar of companies on the Ministry of Corporate Affairs portal, thirty days subsequent to documenting the goal to change the organization name. Alongside the MGT-14 structure, the following form must be connected too.

• Notice of Extraordinary general meeting (EGM).
• Copy of special goals passed in the EGM.
• Copy of altered Memorandum of Association and Article of Association, with the new organization name.

2. INC-24
After the MGT-14 is affirmed, the INC-24 e-structure is filed within a time period of 30 days with the registrar of organizations on the Ministry of Corporate Affairs portal. Along with the INC-24 form, the following forms have to be attached also.

• Extract of the Minutes of the exceptional general meeting of the organization
• Notice of EGM
• Copy of resolution agreement
• Copy of modified MOA and AOA, with the new company name.