Can a Registered Company Change Its Name?

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Reasons for Changing a Company Name

  • A company may change its name by passing a special resolution in a general meeting and receiving approval from the Central Government.
  • The company entity continues despite the name change.
  • Any legal proceedings initiated against the company under its former name will still apply.

Steps to Change a Company Name

  1. Notification Process:
    It is necessary to notify clients, suppliers, and the bank about the change in the company name.

  2. Legal Procedure:

    • Change the company name and branding using specific methods.
    • A new Constitution should be filed in the Companies Registration Office after passing a special resolution.
    • The Registrar of Companies may refuse a name if it violates certain restrictions.

  3. Implications of Name Change:

    • The company’s assets, liabilities, and operations remain unchanged after the name change.
    • Permission from the Ministry of Corporate Affairs (MCA) is required for the name change.

Timeframe and Legal Procedures

  • Company Name Change Duration: Typically takes 3-4 working days.
  • Clarification of Procedures: A company can only be registered with a name that is distinct from existing entities or trademarks.

Business Name Change Process

  • Changes that require legal filings must be done with state agencies.
  • Ensuring compliance with tax regulations when changing a business name.
  • Communicating the change effectively within the organization and publicly to stakeholders.

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