Change Company Name

In India, under the Companies Act, all companies must be legally registered with the Registrar of Companies (RoC) at the Ministry of Corporate Affairs (MCA), and any change in the company name is, therefore, to be undertaken following a formal legal procedure. The first step in this, according to Section 13 of the Companies Act, 2013, involves convening a board meeting of the company's directors and shareholders to discuss the reason for changing the company name. The attending members have to be informed a week in advance.

After obtaining approval of the company's directors and shareholders for changing the company name, the company must reserve the new name through the Reserve Unique Name (RUN) service on the MCA website and pay the requisite fee. Once the RoC approves the application for the company name change, the company has to call an extraordinary board meeting to pass a special resolution for making the change in the company name and also to pass resolutions for altering the company name in the Memorandum of Association (MoA) and the Articles of Association (AoA). Within 30 days of passing these resolutions, as per Section 117 of the Companies Act, 2013, the company must file them with the RoC using eform MGT-14. Also within 30 days, the authorized company director, manager, secretary, CEO, or CFO must complete and file eForm INC-24 for changing the company name and include with it the recorded minutes of the general board meeting and the requisite fee.

If the RoC approves the application, it will issue a new certificate of incorporation under the new name. This new certificate allows the company to make the necessary name changes in the MoA and the AoA. The average time taken to complete a company name change is about 10-15 working days.

Afleo will assist you through the entire process of change in company name and with any other required formalities. Our business advisers will be on hand to answer all your questions related to the change of company name and will help you with all the documents required, processes, fees, etc. We began Afleo.com with the aim of simplifying the process of doing business in India, and we have built up an excellent team of young, hard-working professionals to assist us in this. Our team is trained to respond to the consumer’s needs and to be both meticulous and quick about filing all essential documents.