Change in Name of a Private Limited Company

Change in Name of a Private Limited Company

A private constrained organization or broadly known as LTD is a secretly held organization. This infers as far as possible proprietor risk to its offers and from exchanging its offers openly. What's more, the investors are restricted to 50. Private restricted organizations are additionally consolidated; thus it keeps on existing regardless of whether the proprietor passes on.

The name of the Company is one the most imperative and principal steps taken before joining a Company. Albeit, after the Company is fused, the name of the Company may require change because of different reasons, for example, change in administration, change in the business objective, change in the brand of the Company, and so on.

The adjustment for the sake of the Company does not influence the legitimate subtle elements of the Company or the rights and obligations of investors. If there should be an occurrence of progress for the sake of the Company, a well ordered strategy is to be taken after.

Strategy to change the name of the Company

An executive meeting is held, in the wake of giving seven days of notice, to support the plan and propose new names for the Company

A phenomenal general meeting is then held to get the endorsement of the investors for the proposed names

Application for the name accessibility is sent to the Registrar of Companies in frame INC-1

If there should be an occurrence of the accessibility of the proposed name, a testament is issued to the Company

An uncommon general meeting is held to pass the Special Resolution of changing the Company name

The unique determination go at the phenomenal general meeting must be recorded with frame MGT-14 at the Registrar inside 30 days of passing the determination. The frame must incorporate the essential reports:

Duplicate of the determination

Notice of the remarkable general meeting

Proclamation of the notice

Update and Articles of Association

An application frame INC-24 should then be petitioned for the adjustment in the Company name alongside the required charges

After investigation and approval of the structures and records, the Registrar will issue an endorsement of consolidation

The following vital and critical advance is to change the Company name in the Memorandum and Articles of Association.


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