Changing a company's name in India involves specific steps as per the Companies Act, 2013, and MCA rules. This comprehensive guide covers different business structures, eligibility criteria, timelines, and step-by-step process for successful name change.
The name change process is governed by various acts and rules:
Key sections include:
Multiple name changes are possible, but frequent changes may trigger scrutiny from regulatory authorities. It's advisable to choose a name carefully to avoid multiple changes.
Find answers to common questions about company name change process, eligibility, documents, process steps, benefits, and common queries.
Companies change their names for various reasons including rebranding, aligning with business objectives, avoiding confusion with similar names, or reflecting a change in business focus or ownership.
There's no specific limit on the number of name changes, but frequent changes may attract scrutiny from regulatory authorities and could impact the company's credibility.
The entire process typically takes 15-30 days, including name availability check (1-2 days), form filing (within 30 days), and ROC processing (7-15 days).
For companies: MGT-14 (for special resolution) and INC-24 (for name change application). For LLPs: Form LLP-5. All forms must be filed within prescribed timelines.
No, an LLP cannot change its name to include "Private Limited" as it's a different business structure. LLPs must maintain their LLP designation in the name.
Yes, ROC issues a new Certificate of Incorporation reflecting the updated company name after successful processing of the name change application.
Yes, a special resolution passed by shareholders with at least 75% approval is mandatory for company name changes under the Companies Act, 2013.
Failure to update ROC can result in penalties, legal restrictions, and administrative issues. The company may face difficulties in conducting business operations.
Yes, Asktrix provides comprehensive assistance for company name change including documentation, form filing, compliance, and end-to-end support throughout the process.
ROC fees are generally non-refundable. However, if the rejection is due to ROC error, you may apply for refund. It's advisable to check name availability before filing.
Yes, you need to update GST registration, PAN, bank accounts, licenses, and other registrations to reflect the new company name for consistency.
Late filing of MGT-14 attracts penalties up to ₹1,000 per day from the due date until the form is filed, plus additional ROC fees.
Yes, LLP name change process is simpler - it requires partners' consent, name availability check via RUN-LLP, and filing Form LLP-5 instead of MGT-14 and INC-24.
You can start using the new name only after ROC approval and issuance of the updated Certificate of Incorporation. Using the new name before approval may lead to legal issues.
Yes, the special resolution must follow the format prescribed under the Companies Act, 2013, and should clearly state the old name, new name, and reasons for the change.
The updated name reflects in the MCA database after ROC processes and approves the application, which typically takes 7-15 working days.
Yes, you need to update PAN, GST registration, and other tax-related documents to reflect the new company name for seamless tax compliance.
Yes, you can use RUN (Reserve Unique Name) to check availability and reserve the name for 20 days before proceeding with the formal name change process.
If the new name is too similar to an existing entity, ROC may reject the application. It's important to choose a unique and distinctive name to avoid rejection.
Yes, LLP name changes require payment of ROC fees as per the LLP Act, 2008. The fee structure is different from company name change fees.
The name change process requires careful planning and compliance with regulatory requirements. Asktrix provides comprehensive support throughout the entire process, ensuring smooth transition and legal compliance for your company's new identity.