Procedure For Change Of Private Limited Company Name

Procedure For Change Of Private Limited Company Name

Changing the name of a private constrained organization is much more convoluted than you may might suspect. Area 13 of the Companies Act, 2013 states that if a private restricted organization needs to change its name, an exceptional determination must be passed in a general executive meeting. The general executive meeting must be called upon for this reason particularly, and the minutes of the meeting recorded for accommodation to the Ministry of Corporate Affairs (MCA) with the demand for name change. 

The purpose behind these conventions is that private constrained organization names are lawfully enrolled with the MCA. In this manner, you will likewise need to include the governing body and get the endorsement of investors before getting the endorsement of the MCA. Despite the fact that the entire method looks dull, a stepwise approach can help in managing troubles. 

This article concentrates on the well ordered strategy to change the name of your private restricted company.Changing the Private Limited Company Name 

Stage 1: Board Resolution 

The board needs to approve an adjustment for the sake of the private constrained organization and approve an executive or organization secretary to apply for the same to the MCA. In the meantime, a choice should be taken to assemble another load up meeting for a difference in name (after endorsement) and furthermore to roll out improvements in the Memorandum and Articles of Association (MoA and AoA). 

Stage 2: Check Availability 

The application sent by the executive or organization secretary (or any approved individual) will be documented with the MCA. The strategy is like the application submitted amid organization fuse and the new name ought to be in adherence to the naming rules given in the Companies Act, 2013. 

Stage 3: Special Resolution 

In the event that the name is endorsed, the organization must hold an unprecedented general meeting to pass an uncommon determination for the difference in organization in the name and similar changes in the MoA and AoA. 

Stage 4: Approval of Company Name Change 

Once the exceptional determination is passed, you should record this with the Registrar of Companies. A frame 1B, alongside the imperative charge for name change, as given by MCA, should be submitted to get the last endorsement. This is the urgent stage, and once you are through this, the following strategies are basic. 

Stage 5: New Certificate of Incorporation 

On the off chance that the Registrar is happy with the application, it will issue another endorsement of fuse. This testament is a demonstrate sign that the innocence of the organization has been changed, and every one of the records and any correspondence will be successful with the utilization of the changed name, after they are joined in MoA and AoA. 

Stage 6: Alter the MoA and AoA 

With the new declaration issued, you would now be able to change the MoA and AoA. This will finish the methodology. 

Despite the fact that another fuse testament is issued (with the changed name), the various lawful customs continue as before, and the organization can't escape any past commitments to them.


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