{"id":32263,"date":"2021-06-28T11:54:39","date_gmt":"2021-06-28T06:24:39","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=32263"},"modified":"2021-10-14T18:20:03","modified_gmt":"2021-10-14T12:50:03","slug":"process-of-company-name-change","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/process-of-company-name-change\/","title":{"rendered":"Understanding the Process of Company Name Change"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Section 13 of the Companies Act 2013, states that the company name\nchange is only possible where a special resolution has been passed and required\npermission of the Central Government has been availed. Company name change\nseeks a subtle legal procedure and considerable alteration in charter documents\nsuch as AOA and MOA.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/process-of-company-name-change\/#Step_by_Step_process_of_company_name_change\" >Step by Step\nprocess of company name change<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/process-of-company-name-change\/#Documents_Required_For_Company_Name_Change\" >Documents\nRequired For Company Name Change<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/process-of-company-name-change\/#Fees_Related_to_the_Company_Name_Change\" >Fees Related\nto the Company Name Change<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/process-of-company-name-change\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Step_by_Step_process_of_company_name_change\"><\/span>Step by Step\nprocess of company name change <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The step-by-step process of the company name change for the private\nlimited company is briefed below: <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Passing board resolution <\/h3>\n\n\n\n<p>A board meeting ought to be called for passing a resolution for the company name change. During such a meeting, the Board of Directors (BODs) will discuss and authenticate the matter and appoint a Company Secretary and Director to determine name availability with the <em><strong>Ministry of Corporate Affairs<\/strong><\/em><sup><a href=\"https:\/\/en.wikipedia.org\/wiki\/Ministry_of_Corporate_Affairs\"><em><strong>[1]<\/strong><\/em><\/a><\/sup>, and calling EGM for passing a special resolution. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">File RUN Application<\/h3>\n\n\n\n<p>Once the BODs give their approval to the company\nname change, a request regarding new name reservation is made to the ROC under\nRUN (aka Reserve Unique Name) facility. While filing RUN application, make sure\nto attach the copy of board resolution along with and NOC from the Trademark\nOwner (if applicable). The proposed name must be unique\nand different from the existing company name. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Passing Special Resolution<\/h3>\n\n\n\n<p>Upon receiving MCA\u2019s approval for the company name change, the\ncompany must call for an EGM i.e. extraordinary general meeting. The member\nattending the meeting shall pass the special resolution for the matter such as\ncompany name change and modification in AOA and MOA. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Applying to Registrar <\/h3>\n\n\n\n<p>A special resolution shall be filed with the <a href=\"https:\/\/corpbiz.io\/company-registration\"><strong>Registrar of Company<\/strong><\/a> within 30 days of passing the resolution. In addition to this, Form MGT-14 shall be filed which entails the detail regarding the special resolution. Given documents are annexed with MGT-14: <\/p>\n\n\n\n<ul><li>Certified copy related to Special\nResolution,<\/li><li>EGM notice <\/li><li>The explanatory statement to\nEGM,<\/li><li>Modified MOA <\/li><li>Altered Articles of Association\n(AOA)<\/li><\/ul>\n\n\n\n<p>After filing the MGT-14, the company should file INC-24 with the\nRegistrar of Company for availing permission of the central government for a name\nchange.&nbsp; Keep in mind that the filing of\nsuch a form seeks the submission of prescribed fees. <\/p>\n\n\n\n<p>The filing of INC-24 is done after the MGT-14\u2019s filing since the\nformer specifically seeks SRN of MGT-14 filed with RoC. Do not forget to\nmention the SRN of INC-1 in INC-24. While filing INC-24, make sure to submit a\ncopy of the minutes of the Extra-Ordinary General Meeting. <\/p>\n\n\n\n<p>Furthermore, you will also require adding the reasons in the INC-24\nform for the company name change along with;<\/p>\n\n\n\n<ul><li>The detail of members who were\nin the EGM<\/li><li>Detail regarding the no. of\nmembers who cast their vote in favor and against the resolution<\/li><li>Percentage of shareholding <\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Issuance of incorporation certification <\/h3>\n\n\n\n<p>If the RoC is satisfied with the documentation part, it will grant\nthe new incorporation certificate to the applicant. <\/p>\n\n\n\n<p>The company name change process remains incomplete until the\nincorporation certificate is bestowed by the RoC. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Making Apt Changes in MoA and AoA<\/h3>\n\n\n\n<p>After securing the incorporation certificate from RoC, the new company must find its way to the company\u2019s charter documents, i.e. AOA and MOA. The changes in these documents should be done aptly and thoroughly. <\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/rectification-of-the-companys-name\/\">Rectification of the Company\u2019s Name: Step by Step Process <\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Documents_Required_For_Company_Name_Change\"><\/span>Documents\nRequired For Company Name Change<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There are two sets of mandatory documentation to apply for a company\nname change. The documents in the first set are readily available, while the\nother set of documents are the drafts prepared for the company name change. After\nsigning these documents, the same is annexed to the respective RoC form such as\nMGT-14 and INC-24, RUN. <\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Type of documents to be attached with the application form <\/h3>\n\n\n\n<ul><li>Current Incorporation\nCertificate <\/li><li>MOA and AOA printed in the word\nformat<\/li><li>List of existing Directors &amp;\nShareholders<\/li><li>Proposed Name(s) listed in the\norder of preference.<\/li><li>Digital Signature Certificate\nof the authorized director<\/li><li>Letterheads &amp; rubber stamp\nof director<\/li><\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Type of Documents to be annexed with RoC Form<\/h3>\n\n\n\n<ul><li>RUN Form<\/li><li>Board Resolution copy. <\/li><li>Written Approval from the owner of Trademark (If applicable)<\/li><li>MGT-14 &amp; INC-24<\/li><li>EGM Notice accompanied with Explanatory Statement<\/li><li>EGM Resolution copies (certified) <\/li><li>Altered MOA &amp; AOA<\/li><li>EGM\u2019s Attendance Sheet<\/li><li><a href=\"https:\/\/corpbiz.io\/sale-deed-registration\"><strong>Sale Deed<\/strong><\/a>\/ Rent agreement, and<\/li><li>Electricity Bill ( for the last two months) <\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Fees_Related_to_the_Company_Name_Change\"><\/span>Fees Related\nto the Company Name Change <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>ROC Fee<\/p>\n\n\n\n<ul><li>RUN Form: INR 1000\/- per application <\/li><li>MGT-14: INR 300 to Rs 600 depending on the company\u2019s capital <\/li><li>INC-24: Rs 1,000 to Rs 20,000 depending on Company structure and capital<\/li><\/ul>\n\n\n\n<table class=\"table table-bordered\">\n<thead>\n<tr style=\"height: 35px;\">\n<td style=\"height: 35px;\" colspan=\"4\">\n<p style=\"text-align: center;\">Fee-related to the Filing of MGT-14<\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 35px;\">\n<td style=\"height: 35px;\">\n<p>No<\/p>\n<\/td>\n<td style=\"height: 35px;\" colspan=\"2\">\n<p>Authorised Capital<\/p>\n<\/td>\n<td style=\"height: 35px;\">\n<p>ROC Fee Payable<\/p>\n<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr style=\"height: 35px;\">\n<td style=\"height: 35px;\">\n<p>1<\/p>\n<\/td>\n<td style=\"height: 35px;\" colspan=\"2\">\n<p>Less than INR 1,00,000\/-<\/p>\n<\/td>\n<td style=\"height: 35px;\">\n<p>INR 200\/-<\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 37px;\">\n<td style=\"height: 37px;\">\n<p>2<\/p>\n<\/td>\n<td style=\"height: 37px;\" colspan=\"2\">\n<p>INR 1,00,000\/- to 4,99,999\/-<\/p>\n<\/td>\n<td style=\"height: 37px;\">\n<p>INR 300\/-<\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 35px;\">\n<td style=\"height: 35px;\">\n<p>3<\/p>\n<\/td>\n<td style=\"height: 35px;\" colspan=\"2\">\n<p>INR 5,00,000\/- to 24,99,999\/-<\/p>\n<\/td>\n<td style=\"height: 35px;\">\n<p>INR 400\/-<\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 35px;\">\n<td style=\"height: 35px;\">\n<p>4<\/p>\n<\/td>\n<td style=\"height: 35px;\" colspan=\"2\">\n<p>INR 25,00,000\/- to 99,99,999\/-<\/p>\n<\/td>\n<td style=\"height: 35px;\">\n<p>INR 500\/-<\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 35px;\">\n<td style=\"height: 35px;\">\n<p>5<\/p>\n<\/td>\n<td style=\"height: 35px;\" colspan=\"2\">\n<p>100,00,000 or More<\/p>\n<\/td>\n<td style=\"height: 35px;\">\n<p>INR 600\/-<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<thead>\n<tr style=\"height: 35px;\">\n<td style=\"height: 35px;\" colspan=\"4\">\n<p style=\"text-align: center;\">Fee-related to the Filing of INC-24<\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 35px;\">\n<td style=\"height: 35px;\">\n<p>No<\/p>\n<\/td>\n<td style=\"height: 35px;\">\n<p>Authorised Capital<\/p>\n<\/td>\n<td style=\"height: 35px;\">\n<p>OPC &amp; Small Companies<\/p>\n<\/td>\n<td style=\"height: 35px;\">\n<p>Other than OPC &amp; Small Company<\/p>\n<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr style=\"height: 35px;\">\n<td style=\"height: 35px;\">\n<p>1<\/p>\n<\/td>\n<td style=\"height: 35px;\">\n<p>Upto Rs 25,00,000\/-<\/p>\n<\/td>\n<td style=\"height: 35px;\">\n<p>INR 1,000\/-<\/p>\n<\/td>\n<td style=\"height: 35px;\">\n<p>INR 2,000\/-<\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 35px;\">\n<td style=\"height: 35px;\">\n<p>2<\/p>\n<\/td>\n<td style=\"height: 35px;\">\n<p>INR &nbsp;25,00,001 to Rs 50,00,000\/-<\/p>\n<\/td>\n<td style=\"height: 35px;\">\n<p>INR 2,500\/-<\/p>\n<\/td>\n<td style=\"height: 35px;\">\n<p>INR 5,000\/-<\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 35px;\">\n<td style=\"height: 35px;\">\n<p>3<\/p>\n<\/td>\n<td style=\"height: 35px;\">\n<p>Above INR 50 Lakh to 5 Crores<\/p>\n<\/td>\n<td style=\"height: 35px;\">\n<p>&#8211;<\/p>\n<\/td>\n<td style=\"height: 35px;\">\n<p>INR 10,000\/-<\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 35px;\">\n<td style=\"height: 35px;\">\n<p>4<\/p>\n<\/td>\n<td style=\"height: 35px;\">\n<p>Above INR 5 Crores to 10 Crores<\/p>\n<\/td>\n<td style=\"height: 35px;\">\n<p>&#8211;<\/p>\n<\/td>\n<td style=\"height: 35px;\">\n<p>INR 15,000\/-<\/p>\n<\/td>\n<\/tr>\n<tr style=\"height: 35px;\">\n<td style=\"height: 35px;\">\n<p>5<\/p>\n<\/td>\n<td style=\"height: 35px;\">\n<p>Above Rs 10 Crores<\/p>\n<\/td>\n<td style=\"height: 35px;\">\n<p>&#8211;<\/p>\n<\/td>\n<td style=\"height: 35px;\">\n<p>INR 20,000\/-<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Ensuring company name change does not change the obligations and duties of the stakeholders in any aspect. A company name change is a deliberate legal process that seeks a cautious approach. Therefore, one has to be watchful while arranging the document for the same.  <\/p>\n\n\n\n<p class=\"text-left\"><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/change-in-the-name-of-the-company\/\">Change in the Name of the Company: Step by Step Procedure <\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Section 13 of the Companies Act 2013, states that the company name change is only possible where a special resolution has been passed and required permission of the Central Government has been availed. Company name change seeks a subtle legal procedure and considerable alteration in charter documents such as AOA and MOA. Step by Step [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":32272,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[106],"acf":{"service_id":"1"},"authorName":"Pankaj Tyagi","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2022\/01\/MicrosoftTeams-image-42.jpg","authorDescription":"Pankaj has a diverse experience of writing research papers, blog, and articles during his college time. Earlier, he was working as a tax consultant in a financial firm, but his interest in writing drives him to pursue a career in the writing field.","postViews":4967,"readingTime":4,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/32263"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=32263"}],"version-history":[{"count":13,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/32263\/revisions"}],"predecessor-version":[{"id":36627,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/32263\/revisions\/36627"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/32272"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=32263"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=32263"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=32263"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}