Company/LLP name is a legal title of an organisation by which an incorporated legal entity or artificial-person is recognised. The incorporation certificate can be seen as the birth certificate for the company/LLP which clearly reflects the name of the company/LLP, date of its incorporation, and place of its origin. Any business entity strives hard to turn the company/LLP name into a brand and changing it can be a difficult decision, the question is how to change company name and what are its post compliances?
The necessity to change the name can arise due to a wide range of situations ranging from a change in objective to the marketing strategy. It is essential to check the company name availability before contemplating any new name. Ensuring that the new proposed name is in-line with the objective of the company and will serve the purpose is essential. We at Provenience, provide end-to-end services to ensure a seamless and hassle-free name change.
It could become critical for the company to ensure that the name of the company is as per the objective of the company. A compatible name will aid in the rapid growth of the business.
Procedure for change of name of the company is well-defined by the MCA. So, changing the name of your business is relatively an easy process.
Convening Board Meeting to approve authorization to apply for name approval.
Apply for name through RUN form.
Pass a special resolution to approve name change and amendment in MOA/AOA accordingly.
Application in the prescribed form with MCA to obtain approval from Central Government for change of name and subsequently amendment in MOA/AOA.
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Company name can be checked through the following linkhttp://www.mca.gov.in/mcafoportal/showCheckCompanyName.do
However, there are other parameters as well which needs to be checked such as trademarked names and naming guidelines from the Government
Under name application through RUN, four names can be applied as the applicant gets two chances to apply for the name under one SRN which includes two names in each chance.
Under Spice (INC 32) three names can be applied as the applicant gets three chances to apply for the name under one SRN which includes single names in each chance.
If the application gets rejected after applying twice under RUN form and thrice under Spice (INC 32), then a fresh application is required to be filed with fresh fees.
The name application under RUN Form is an online application and can be done directly through MCA portal after logging in to the account, and the MCA fee is also required to be paid instantly. Under Spice INC 32 the normal process of uploading form is used after logging in to the account and even the payment can be made later after generating the pay later challan.
The company name is divided into three parts:
Yes, approval is required from Board of Directors, members of the company, ROC, and the Central Government.
Yes, there are no restrictions on changing name except for a public ltd. Company. However, the selected name should be as per the rules prescribed.
The application to change the name of the company has to be made within 30 days of the consent of members in General Meeting.
Yes, MoA & AoA are required to be altered with the new names.
The new company name becomes effective as soon as a fresh certificate of incorporation is issued.
Yes, the new name can be updated in PAN once the certificate of incorporation with the new name is issued.
Yes, the old name will have to be displayed with the new name for a period of two years from the change of name.