What is the process of change the Name of Private Limited Company?
As per
Section 13 of the Companies Act 2013, a company may change its name by passing
a special resolution in general meeting and receiving approval from the Central
Government.
The step-by-step
process of changing name of a private limited company is outlined below:
Passing Board Resolution When Partners
are Mutually Agreed
In the
meeting, the board of directors will discuss and approve the change in name,
authorizing a Director or the CS of the company to check name availability with
MCA, and calling Extra-Ordinary General Meeting for passing a special
resolution.
Checking Name
Availability
The
authorized director or company secretary will apply in form INC-1 to MCA for
checking name availability and approving the name.
ROC will
send a letter stating that the proposed name is available. Please note it is
just a confirmation from ROC that proposed name is available.
The proposed
name shouldn’t be similar to another existing company name, and it shouldn’t
include the word “state.” Other conditions existing at the time of initial name
approval exists in this situation also.
Passing
Special Resolution
Once the
name is approved by MCA, the company should call for an extraordinary general
meeting. A special resolution will be passed for changing name and make the
change in Memorandum of Association and Articles of Association.
Applying to
Registrar
A special
resolution will be filed with RoC within 30 days of passing the resolution. With
the Form MGT-14 will also be filed which contains the details about special
resolution. Following documents are submitted with MGT-14:
Issuance of Certificate
of Incorporation
If the Registrar of Companies is satisfied with the documents, it will issue a new certificate of incorporation.