Procedure of Changing the Name of Company under Companies Act 2013

Certain conditions may emerge wherein the organization may require to changing its name. The reasons might be change of target of the business, change of administration, rebranding, and so on. So as to change the name the name of the organization the endorsement of the investors, Ministry of corporate issues and focal government should be taken.

Method of progress of the name of the organization

Leading Board Meeting

So as to process the difference for the sake of the organization, an executive meeting for endorsement of the adjustment in name should be called. The motivation of the executive meeting will be to favor the adjustment in name, to apply for name accessibility to the Registrar and afterward to call an EGM to get the investor's endorsement for change in name.

So as to lead an executive meeting, an appropriate notice must be given to chiefs no less than 7 preceding the meeting. At the executive gatherings, two resolutions must be passed one for approving the Board of Directors of the Company to make an application to the Registrar of Companies for the reservation of the new name. Also, the Board needs to pass a No Objection Resolution supporting the recently proposed name.

Making an application for reservation of name

When a board determination is passed an approved executive can make a name accessibility application to the jurisdictional ROC in shape INC-1. Frame INC-1 might be joined by the board determination at the meeting.

Subsequent to getting the application, if the Registrar of Companies finds the recently proposed name qualified and in consistence with the law then it might hold the accessible name for a time of sixty days from the date of the application.

Leading remarkable general meeting

To additionally process the adjustment in the name the Board needs to require a remarkable general meeting of the organization. The notice with respect to this meeting must be sent at the very least twenty-one days before the date of the meeting. The notice must be given in composing or through electronic mode to each individual from the organization, the reviewer or inspectors of the organization and each executive of the organization at their enlisted address by hand conveyance, post or electronic means. An informative proclamation determining the business to be executed at the meeting must be attached to the notice.

Recording frames with the enlistment center of organizations

The frame MGT-14 containing the subtle elements of the exceptional determination go at the EGM alongside the unique determination might be documented with the Registrar inside 30 days of passing the determination.

In the wake of recording the exceptional determination in MGT-14 the organization needs to document an application for change of name of the organization with the Central Government in Form INC-24 alongside the essential charge.

Enlistment of the name of the organization

At the point when the Registrar of Companies gets happy with the organization's name change application, the Registrar would issue another declaration of consolidation. Note that the organization name change is said to be finished and successful on issuance of new joining authentication by the Registrar of Companies.

Revising Memorandum of affiliation and Article of affiliation

In the wake of accepting the new testament of consolidation pertinent advances should be taken to alter the MOA and AOA.