The name of a company or LLP can be changed by the promoters at anytime
after incorporation. Some of the major reasons for change of company
name are business model change, change of promoters, re-branding,
etc.,To change the name of a company, shareholders approval is required
along with approval from the Ministry of Corporate Affairs.
Change of company name requires passing of a board resolution, obtaining name approval from MCA, passing of a special resolution and applying for approval of new company name to the MCA. If the MCA accepts the application, a new certificate of incorporation is issued. After obtaining the new certificate of incorporation, changes must be made to incorporate and change the MOA and AOA of the company as well.
Procedure for Change of name in case of Company in India:
Filing of form INC-1 after completion of document from the client for change name of the company.
After name will gets approved by Central Government, form MGT-14 & INC-24 gets filed to give effect to change in name.
Total Time taken to complete the while process is 20-25 working days.
Procedure for Change of name in case of LLP in India:
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.
1. LLP shall apply for reservation of name to the Registrar of Companies in e-Form
2. After name will gets approved by Central Government, form MGT-14 & INC-24 gets filed to give effect to change in name.
3. Application to be filed in e-Form 5 for change of name of the LLP to the proposed name reserved for the purpose.
4. File e-form 3 for amendment in the LLP Agreement within 30 days of change of the name.
5. Average Time taken to complete the while process is 20-25 working days
.Name & CIN of the Company.
.Details of the Directors with DIN.
.Name & DSC of the authorized Director for filing form INC-1.
.6 names in order of preference with significance of key or coined words.
.Reason of name change of Company.