Change in Name

Change in Company Name requires special resolution, approval from ROC, and filing forms INC-24 and MGT-14.
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Alteration of Name Clause

VS Legal

An entity is an artificial person which gets its separate and legal identity through its name. The management of the company desiring to change the Company The name would need the consent of its shareholders and the approval of the ROC. The reason for a change of name of the company can be many, such as a new branding plan, mergers, and amalgamation, a change in business activity, etc.

Some Example

OLD NAMENEW NAME
FoobiebayZomato
BurbnInstagram
ConfinityPaypal
Odeo Twitter

  • MGT-14 – File within 30days from the date of passing special resolution

  • INC-24 – File within 30days from the date of passing special resolution

  • INC-28- Order of Registrar for a certificate of incorporation

He change of name shall not be allowed to a company:

  • which has not filed annual returns or financial statements due for filing with the Registrar or

  • which has failed to pay or repay matured deposits or debentures or interest thereon

Procedure

  • Company shall apply for reservation of name to the Registrar of Companies in RUN Form on MCA (The name once approved shall be valid for 60days)

  • Preparation of Board resolution

  • Preparation of extraordinary general meeting bypassing Special Resolution (CTC of SR)

  • Preparation of Altered MOA

  • After the name gets approved file form MGT-14 & INC-24 to give effect to change in name.

  • Average Time taken to complete the whole process is 20-25 working days.

  • The LLP may change its name by following the procedure as laid down in the LLP agreement. Where the LLP agreement does not contain any procedure, consent of all partners is required for changing the name of the LLP.

  • LLP shall apply for reservation of name to the Registrar of Companies in RUN LLP

  • After the name gets approved file form MGT-14 & INC-24 to give effect to change in name.

  • Application to be filed in eForm 5 for change of name of the LLP to the proposed name reserved for the purpose.

  • File eform 3 for amendment in the LLP Agreement within 30 days of a change of the name.

  • Average Time taken to complete the whole process is 20-25 working days.