We Are Trusted By 1000 of Business Just Like You
16+ Years of
Preliminary Note on Name Change of Company
The name of a company is its unique identity of a private limited company, and the same is the first clause of the MOA (also known as Name Clause). In case the management of the company desires to change the name of the company, it can be done with the consent of its shareholders and with the ROC's approval. There is a four-stage approval requirement for effecting change in the name of the company. Following are the requirements of obtaining prior approval in the process of the company name change
- Approval of the Board of Directors
- Approval of more than 75% of Shareholders
- Approval of the ROC (MGT-14)
- Approval of the Central Government (INC-24)
Legal Provision: In general, all companies, whether new or old, are eligible to apply for a company name change. However, The Section 13 (2) of the Companies Act, 2013, read with Rule 29(2) of the Companies (Incorporation) Rules, 2014, does not permit name change if the company has not filed ROC Annual Return, Financial Statement or any other report/documents to ROC on time.
Common Reasons for Change of Company Name
Voluntary Change of Name
The company may, on its own, decide to change the name of the company, subject to fulfilment of all other conditions it is very much legal and normal to change the company name voluntarily.
Change in Business Activity
To reflect the new or additional business objects, the company may decide to change its name. In the instant situation, the company also alters its MOA to change the main object.
For marketing reasons or to effectively position the company's brand, sometimes companies also change their name to bring it as per the latest trend and fashion for better brand positioning.
Change of Ownership
It is seen that after the change of ownership or takeovers, the company name also changes to reflect upon the authority of the new management and for branding purposes.
To Avoid IPR Issues
The companies may change their name to re-enforce their trademarks or copyrights in their name. Similarly, the company name is also changed to avoid a potential IPR Conflict.
In Compliance of ROC Direction
The ROC can also make an order directing the change in the name of company subsequent to a complaint filed by any other company claiming priority of use of name or Trademark
Step Wise Process of Company Name Change
Step - 1:
Held Board Meeting
The board of directors decides the proposed name, passes a Resolution For Name Change, and authorises the filing of RUN Application for name reservation for the new company name.
Step - 2:
File RUN Application
Once the board of directors has decided on its new name, a request for Reservation of New Name is made to the ROC under the RUN (Reserve Unique Name) facility. With the RUN application, a copy of the Board Resolution and NOC from the Trademark Owner (if applicable) is also filed. The government fee for filing the RUN application is Rs. 1000/-. The ROC approves the new name if it is unique and not the same or similar to an already existing company, LLP, Domain or Trademark.
Step - 3:
After approval of the name is received from the office of the registrar of companies, the next logical step is to seek approval of the shareholders of the company. To convene an EGM, the directors must send notice to every shareholder of the company at least 21 clear days before the date of EGM. The notice for EGM must contain the draft of the proposed resolution to be passed as a special resolution and explanatory statement.
Step - 4:
Filing of MGT-14 (Registration of Special Resolution)
The special resolution means a decision taken by more than 75% voting rights. Once adopted in the EGM, the special resolution is filed before the ROC for their approval in Form -MGT-14 with the prescribed fee within 30 days of the passing of the resolution.
Step - 5:
Filing of INC-24 (Seeking Approval of Central Government)
The application to change the company's name is filed in Form INC-24 along with an amended copy of MOA & AOA, Copy of Notice of EGM and the special resolution. After ROC's satisfaction, a fresh Certificate of Incorporation is issued with the company's new name.
Step - 6:
Issue of Fresh Certificate of Incorporation by ROC
With the approval of MGT-14 and INC-24, the ROC issues a fresh Certificate of Incorporation with the changed name. The company is under obligation to update the new name everywhere, in place of the old name change Name Everywhere
Documents Required For Company Name Change
There are two sets of necessary documents to make an application for an existing company's name change. The first set of documents is readily available with the company, while the other set of the papers are the drafts prepared for the name change. After the signature on these documents, the same is annexed as an attachment to the relevant ROC Form such as RUN Form, MGT-14 and INC-24, respectively.
|A. List of Documents Required||B. Documents to be Attached With ROC Form|
|C. Proof of Address of Food Business.|
Timeline and Cost Involved for Changing Company Name
The time required to change name of company is approximately 10 to 15 Working days as it involved multiple steps to be done by the company and to obtain approval of ROC as well as the Central Government
The overall cost has two components, the professional fee billed by professionals like Setindiabiz and the ROC Filing fee. The ROC fee depends on the type of company and capital. Our Professional Fee depends on each individual case, please request an official quotation from us.
- RUN Form: Rs. 1000/- for application to reserve new name of company
- MGT-14: Rs. 300 to Rs 600 Based on the capital of the company (Refer Below Table)
- INC-24: Rs. 1,000/- to Rs 20,000/- Based on Company type and Capital (Refer Below Table)
|Fee Table for Filing MGT-14|
|No||Authorised Capital||ROC Fee Payable|
|1||Less than Rs. 1,00,000/-||Rs. 200/-|
|2||Rs. 1,00,000/- to 4,99,999/-||Rs. 300/-|
|3||Rs. 5,00,000/- to 24,99,999/-||Rs. 400/-|
|4||Rs. 25,00,000/- to 99,99,999/-||Rs. 500/-|
|5||100,00,000 or More||Rs. 600/-|
|Fee Table for Filing INC-24|
|No||Authorised Capital||OPC & Small Companies||Other than OPC & Small Company|
|1||Upto Rs 25,00,000/-||Rs. 1,000/-||Rs. 2,000/-|
|2||Rs 25,00,001 to Rs 50,00,000/-||Rs. 2,500/-||Rs. 5,000/-|
|3||Above Rs. 50 Lakh to 5 Crores||-||Rs. 10,000/-|
|4||Above Rs. 5 Crores to 10 Crores||-||Rs. 15,000/-|
|5||Above Rs 10 Crores||-||Rs. 20,000/-|
Follow up Activities After Company Name Change
Changing the company's name does not alter the rights and obligations of the stakeholders in any way, and all the legal proceedings, if any, continues in the new name. Consequent to the new Certificate of Incorporation with the new name, the company is obligated to make changes in the following documents and registrations.
- The Common Seal of Company (If applicable)
- Official seal of company, directors and authorised signatories
- Promissory notes, bills of exchange, etc.
- Change in the name in the Bank Account
- Tax authorities, PF & ESI department, etc.
- Change name on Website and Social Media Accounts
- Amend company PAN and TAN
- On company letterheads, business cards, etc.
- Company Statutory Registers
- Employment & Business Contracts
- Update business licenses or permits
Frequently Asked Questions
How to Change the Name of a Company?
The company name change is a legal procedure; team setindiabiz shall help you at each stage of the process for your company's name change. For this purpose, the Board of Directors has to pass a resolution followed by 3/4 shareholders consent. For new name availability and confirmation, the company has to make an application in RUN Form. Post name approval, the ROC Filing takes place in Form MGT-14 and INC 24, resulting in a new certificate of incorporation with its new name.
Does changing the name of the company result in the formation of a new company?
No, the name change of a company does not create a new company, the CIN remains the same for the company, and all the stakeholders' rights and liabilities remain unchanged.
What are the approvals from ROC or the Central Government required for changing the company name?
The company name change requires four approvals; approvals of the board and shareholders in special resolution are needed. After that, ROC approval is necessary for the new proposed name, and the special resolution passed with the 3/4th majority of shareholders. Finally, the central government's consent is needed for the issue of the new certificate of incorporation with the new name.
When the new name of the company becomes effective?
The RUN application approval is only the confirmation of the name's availability and does not mean that the name of the company has changed. The process of changing the name completes with the issue of a fresh certificate of incorporation. In other words, the effective date of the new name is the date on which a new certificate of incorporation is issued.
What is the timeline for changing the name of the company?
The entire process is lengthy. However, after the application is filed with the ROC, it takes approximately 10-15 Days.
After Name Change, Whether MoA & AoA is also altered?
Yes, all the copies of the MOA and AOA of the company shall also be altered to reflect the changed name of the company.
Will the PAN Number change?
No, the PAN Number of the company shall not change as there is no change in the company's constitution. However, we advise you to file an application for making amendments to the company's PAN records and obtain a new PAN Card with the updated name of the company.
Whether GST Number of the company will change followed by name change?
No, as the company's constitution remains unchanged, hence the same GST Number shall remain valid. However, the company needs to file an amendment application to update the GST Portal details with the correct name.
Should the company intimate its customers with the new name of the company?
Yes, it is necessary and in particular because of the GST provisions, as all the taxpayers need to maintain a proper record of the customers and vendors.
Does the company indeed have to display the old name alongside the new name?
Yes, the old name has to be displayed along with the new name for one year in all the letterheads, hoardings and banners.
I am new at incorporation field but SETINDIABIZ help me out & I would like to mention especially for Ms Sana Parveen guided me all through the...See at Google
I was doubtful in the beginning to contact them for my work but they proved to be very professional and fast. I contacted SetIndiaBiz for...See at Google
Wonderful experience and a very professional bunch of people. To name some I have been recently dealing with Shaily Dhoudiyal, Suman Khowal...See at Google
Wonderful experience. Setindiabiz is very professional and efficient. Its executives are very friendly and helpful. Preeti who was handling...See at Google
Professionalism at its best. Every employee in this company is so energetic and punctual. you can rely on this company for sure...See at Google
Super fast service, They helped me in formation of my new company "Storaway Warehousing And Logistics Private Limited"...See at Google
The staff is really praiseworthy. I would like to mention specially for Ms Shaily Dhoundiyal guided me all through the process. she...See at Google
A good and professional company. I came to know about this company from Google. When I go through company profile and big company. My serviceSee at Google
Enthical company with finest of Staff , Specially Shailey Dhoundiyal. She helped a lot through out the process of registration ans incorporationSee at Google
Extremely Satisfied with the service. I came through this company in Google search. Initially I was hesitant about how would be the service... See at Google
Setbiz India made us very easy to deal with all documentation. Staff Shaily guided all through the process. Over all a Good team. Keep it up... See at Google
Sana parveen has been really efficient an quick in the process for KYC filing. Tremendous job.keep up the good work. All the best... See at Google
Setindiabiz truly committed to their statements .Their work is also very quick and on time and they even treat their customers in.... See at Google
All the work of my company has been done by Satindiabiz employees for the last 3 years. I am satisfied with their work. I thank to Shaily.... See at Google
My first experience today and it was really a wonderful experience. Quick updates and follow ups considering the criticality of the.... See at Google
I'm very happy with the services provided ms Nishtha walked me through some of the processing very patiently and kept regular updates. Thank you... See at Google
Shaily is prompt and cooperative, i had a smooth experience in filing my annual returns and also during LLP establishment. I thank her and wish good luck :-)... See at Google
All the work of my company has been done by Satindiabiz employees for the last 3 years. I am satisfied with their work. I thank to Shaily medm for the submission of my DIN KYC file... See at Google
They provide the best service for business registeration.Thank you so much Shaily for providing such a great and efficient assistance for my... See at Google
I had a very pleasant experience with SetIndiaBiz. Thanks to shaily and shubhlam who guided me step by step through the process... See at Google
Shaily and Khusboo have been great professionals, showing an amazin intent of delivering customer satisfaction.. I highly recommend SETINDIABIZ!.... See at Google
This company have a great service and my cs Sana Praveen mam is so good and very responsive person . Thank you setindiabiz and thank u Sona mam... See at Google
They give fast response to the customers and respect them and helps the customer in all the way in budget friendly manner... See at Google
They give fast response to the customers and respect them and helps the customer in all the way in budget friendly manner... See at Google
Good people but worst services. If you are startup please avoid them. There is lot of miscommunication and no proper information. They wont... See at Google
Excellent service, Very cooperative, Especially Harish sharma's way of talking and understanding your query is extremely nice. Thank you...See at Google
Excellent service, prompt response. Very professional approach to the entire process. Special thanks to Neha who made it very easy for me....See at Google
SETINDIABIG good services with in a short period of time, employees excellently coordinate with a clients Tq SARANYA and team for supporting...See at Google
Registration took just one day to complete. Speed of execution is key to start new business and Setindia understands the needs of...See at Google
They are truly committed to their statements .Their work is also very quick and on time and they even treat their customers in a very polite...See at Google
The executive person were incredible helpful and understanding of my views of situation and did everything they could to get me the Incorporation...See at Google
I am very satisfied with the work. which Sana Parveen had done. really appreciate for the fast process and. access. thanks to setindiabiz and...See at Google
Awesome great service! We are unexpected. my company get easy all legal documents through SetIndiabiz. They are provided best...See at Google
I have done my company registration at SETINDIABIZ along with TM and taken consultancy services for FDI . Services and guidance was...See at Google
I am very impressed with work delivery system of Setindiabiz & team. They're very much competent to guide any start Up in statutory...See at Google
Good company, good people gives compliance related services in very professional way and delight customer by their services. i very much...See at Google
Highly supporting system for new business.. thankyou SETINDIABIZ for providing every type of business related support to new in field...See at Google
Thank to all team members of SETINDIABIZ ..Your customer support is really like Backbone... Special thanks to "Mr. Praveen Singh" who is...See at Google
Big thanks to Kuldeep, Shaily and folks at SetIndiaBiz for registering my company within 7 days. Everything was handled professionally... See at Google
I appreciate your service and will surely recommend to my friends who are looking for registering their company . It was a excellent job... See at Google
Thanks For Helping In Registration of Company And Registration of GST. They Come Quickly Than Estimated Time. ................... See at Google
My notions were feeble to pay for online services before "SETINDIABIZ" experiences. However they utterly pay-off my each penny by their swift and... See at Google
Thank you SETINDIABIZ for all your help in registering my private limited company in Bangalore, very smooth and they made it very easy for me. ... See at Google
Very Good Service, Quick Qquality Work, Time completed, Low Cost Work, We be Happy. TSR ENGINEERING PVT LTD /Director........... See at Google
Interacted with Mr. Manav Gandhi for filing my gst returns. He was very courteous, polite and quick-to-action. Thank you for your...See at Google
perfection, sincerity, on timing means SETINDIABIZ. contacted several companies for my work online and offline but couldn't get anyone to...See at Google
Excellent services offered for Start Up Firms and also for existing companies. Hope SetIndiaBiz opens up more offices in Tier II cities and...See at Google
Excellent support from Manav Gandhi at SETINDIABIZ. He ensured to stay back in office till late night and complete our work at the earliest and...See at Google
Good work done by Mr manav gandhi ,he is more concerned about my work to be completed on time,loved his working. ...............See at Google
I always had a great experience with SetIndiaBiz. It is since 2 years that I am getting all my trademarks done through them......See at Google
Best legal service provider and flexibility in time commitment.All executives from sales to operations team: neha & Swati are really good in...See at Google
I would like to mention that Set India Biz is one of the best professional company I have worked with. All team members are customer focused and...See at Google
I believe with the relationship with SETINDIABIZ is worth value for money. Our account was managed by Proshanto and he has very proactive to support... See at Google
Overall it is good Experience. Representatives are very active. They will walk you through each and every process. They will help you with the...See at Google
Great service with understanding of budget and requirement of customer. A trustful firm for people who has basic knowledge of legal rules. ... See at Google
I highly appreciate the managers and co-workers as they are highly committed to their work. All the reports, forms and correspondence are... See at Google
I had very good experience of setting up my company. The team at SetIndiabiz are professional & understands need and executes at pace needed. ... See at Google
Setindiabiz is a Great Company for registration of PVT. LTD. , LLP or any other company. Their process is fast but due to Durga puja holiday my... See at Google
We got our documentation done by SetindiaBiz and we are really happy to have found the right consultancy. Really helpful, patient and ... See at Google
Perfection and quality makes SETINDIABIZ differ from other companies. Promptness is an additional quality of them. Hats-off guys. Good job...See at Google
I'm happy with the phone and the deal i got from the company. Speaking with the service team helped me get exactly what i was looking for... See at Google
Dedicated, supportive and understanding team. What else we need to get the jobs done? Thanks to Set India Biz for helping me. .......See at Google
Have a great pleasure, and experience with team 'SETINDIABIZ' knowledgeable and supporting staff. As per our requirement, They committed and...See at Google
It's amazing. It was easy to understand and work was completed smoothly. Liked there work and recommend everyone to give them a chance. The best...See at Google
Very Nice and great company, all the executives are so polite and professional, they know their work very well and they are master in them. ......See at Google
Reliable with service satisfaction, employees are very helping & cooperative. Am grateful & thank you to the entire team of SetIndiabiz was......See at Google
I have had a very good experience with them in incorporating my LLP. Sana Parveen from Delhi office has been very helpful and very much approachable.......See at Google
The complete team is amazing, a very co-operative and helpful. They will answer all your questions calmly even if you ask same thing million of times. ...See at Google
I should write here .. I'm really impressed about Ms. PUJA.. You're an asset to your company Setindiabiz... I'm writing most about the person...See at Google
Good company for dealing with startups especially for documentation and registration. On the time action and positive results. ........See at Google
Great people, culture, All of the team, including the managers are approachable, helpful, caring and hard working.....keep up the good work....!! ...See at Google
I would like to mention that Set India Biz is one of the best professional company I have worked with. All team members are customer focused...See at Google
Rhanks To Sana For Being An Best Supportive Cordinator All The Time. On Start Had face a Lot of Issues because of mumbai Office but then Got in...See at Google
Excellent service. Mainly, its the timely update needed which is supplied on regular intervals. Ms. Khushboo & Ms. Swati were very cooperative...See at Google
The support given to me by corporate lawyer Mr. Kishore is really commendable. He was very cooperative in her approach towards our requirement and...See at Google
I had a good experience with SetIndiaBiz for TM registration. Mr. Shubham who was dealing my case was very professional and clear about what is ...See at Google
REALLY FAST AND PROMPT SERVICE.VERY GOOD EXPERIENCE OF SETTING UP ALL THE REQUIREMENTS WITHOUT ANY HINDERANCE. .THANKS TO THE TEAM ESPECIALLY MR. ...See at Google
I hardly trust people in business society. However, the people in this company are exception. You can trust them blindly. They are unbelievably ...See at Google