Change Company Name Online with Vijendra & Co

Changing a company's name is a significant decision that requires a thorough understanding of legal formalities and regulatory compliance. Businesses may need to change their company name due to rebranding, mergers, strategic shifts, or other operational reasons. At Vijendra & Co, we specialize in seamless name change procedures, ensuring compliance with corporate laws and regulations.

Company Name Change

The process of formally changing a corporate entity's registered name with the appropriate government authorities is known as a company name change. The name of a company is its unique identifier and carries brand value, making it crucial to undergo the process correctly.

The modification necessitates legal compliance but has no bearing on the company's legal entity, liabilities, or contracts. Companies opt for a name change to align with business objectives, better market positioning, or legal mandates.

Rules Governing Name Changes for Businesses

The Companies Act of 2013 governs the renaming process for companies in India. A corporation may change its name in accordance with Section 13 of the Act by passing a special resolution and receiving Ministry of Corporate Affairs (MCA) permission.

• Board Resolution: The idea needs to be approved by the company's Board of Directors.
• Special Resolution: At a general meeting, shareholders must approve a special resolution.
• MCA permission: The business needs to submit the required paperwork to the MCA for approval.
• Revised Certificate of Incorporation: Following approval, the business is given a new name on its revised Certificate of Incorporation.

Changing Company Name: When It's Permitted

A company can opt for a name change under the following circumstances:

• Rebranding: To update its market positioning and conform to new corporate goals.
• Merger or Acquisition: To take into account structural modifications to the company's ownership or business plan.
• Legal Concerns: If the business name violates any laws or trademarks.
• Expanding Business Scope: To better represent new products or services.
• Voluntary Name Change: Based on strategic decisions by stakeholders.

Documents Required to Change Business Name

The following paperwork must be submitted by a business in order to complete an online change of company name:

• The name change was approved by a board resolution.
• The shareholders passed a special resolution.
• Name Approval Application (RUN Form) filed with the MCA.
• The Memorandum of Association (MOA) has been modified to reflect the new name.
• Altered Articles of Association (AOA) incorporating the name change.
• Government Fees Payment Receipts for the application process.
• The Director Identification Number (DIN) and Digital Signature Certificate (DSC) of approved directors.
• A letter of approval verifying the name change from the Registrar of Companies (RoC).

How to Change Company Name?

• Step 1: Board Meeting and Resolution
  To discuss and approve the proposed name change, the corporation calls a board meeting. A resolution is passed, authorizing a director to file the necessary applications.
• Step 2: Name Availability Check
  Through the MCA portal's RUN (Reserve Unique Name) feature, the business requests a name change. The company submits a name change request using the RUN function of the MCA portal.
• Step 3: Shareholders' Special Resolution
  To approve the name change, a special resolution must be passed at a general meeting. The resolution is then filed with the Registrar of Companies (RoC) using Form MGT-7 and Form MGT-14.
• Step 4: Filing with MCA
  The business uses Form INC-24 to apply for approval of a name change, together with any necessary supporting documentation and government costs.
• Step 5: Certificate of Incorporation and Approval
  The business obtains a new Certificate of Incorporation bearing the revised name after the MCA accepts the application.
• Step 6: Update Business Records
  The company must update its bank records, tax registrations, licenses, and agreements to reflect the new name.

Essential Compliances After a Company Name Change

Once a Change Company Name Online is successfully completed, the company must comply with the following requirements:

• Update PAN & TAN: Submit an application for a new Tax Deduction and Collection Account Number (TAN) and Permanent Account Number (PAN).
• GST Registration Update: Inform GST authorities and update GST certificates and invoices.
• Trademark and Copyright Changes: Ensure trademarks and copyrights reflect the new name.
• Bank Account Updates: Inform banking institutions and financial service providers about the change.
• Revised Statutory Filings: Modify tax filings, legal contracts, and company records accordingly.
• Inform Stakeholders: To ensure openness, let customers, suppliers, and staff members know about the name change.

CS Vijendra & Co: Your Trusted Partner for Company Name Changes

At Vijendra & Co, we simplify the Change Company Name Online process by providing expert guidance, ensuring seamless compliance, and handling all documentation efficiently. With our extensive experience in corporate legal services, we make the transition smooth and hassle-free for businesses.

Our staff minimizes interruptions to business operations while guaranteeing adherence to legal regulations. Trust Vijendra & Co for professional and accurate handling of your company's name change process.