CHANGE IN COMPANY NAME

Company name change requires filing of a fresh application as per the availability of the name. Company name once generated can be changed and the consent of all the company directors is required

COMPANY NAME CHANGE CAN BE DONE BY FOLLOWING THESE STEPS:

1. BOARD RESOLUTION: Consent of all the directors of the company is required to change the company name and one of the directors of the company must be authorized in the board resolution to apply for the new name of the company
2. CHECK FOR THE NEW NAME AVAILABILITY WITH MCA:To get a new name the company has to check for the availability of the new desired name for the company on the MCA website
3. SPECIAL RESOLUTION: A special resolution must be passed to change the name of the company by all the directors of the company
4. APPLICATION FOR THE NAME CHANGE: Application has to be filed with the MCA after the internal discussions among the company stakeholders are sorted
5. ISSUANCE OF A NEW NAME BY MCA:On application new name shall be issued by MCA upon satisfaction that the name change shall not affect any obligations of the directors of the company as the name change does not changes the company and the rights and liabilities of the directors, and it only changes the name
6. CHANGES IN THE MOA & AOA: Upon receiving of the new name the desired changes in the MOA & AOA has to be done in accordance with the changes

THE NAME CHANGE OF THE COMPANY CAN BE DONE WITH THE CONSENT OF THE DIRECTORS OF THE COMPANY AND APPROVAL FROM MCA.

COMPANY NAME CHANGE SHALL NOT EFFECT:

1. The rights and liabilities of the partners
2. The legal proceedings if pending in old name of the company against or by the company

WHAT IS THE PROCEDURE FOR COMPANY NAME CHANGE?

1. Existing company has to file for inc 1 for new name approval
2. Once the name is approved, the company has to file for mgt-14 to make changes in the MOA & AOA
3. INC 24 to filed to give effect to the change in the name.