What is Company name change means?
As per Article 13 of the companies act 2013 in Indian law, a company can make changes in its name with the help of particular consequence.
This name can be changed by the support of the shareholders and the ministry of corporate affairs.
How Many Types Of Companies are there?
There are two types of company
- Public Company
- Private Company
They both kind of companies can change their name as per the requirement.
Steps to Change Private Company Name
- A mandatory board meeting and permission of the shareholders.
- Check the Availability of the new company title
- Get the approval of the name from the MCA
- Get the insurance for the new certificate of the firm
- Create Changes in Memorandum of Association and Article of Association.
Steps to change public company name
- Board Meeting
- Application for the name change of the company
- Mandatory EGM (Extraordinary General Meeting.
- The determination should be filled with the registration office
- Authorization from the Central government.
Frequently Ask Question
Is there are some restriction in change limited company name?
No, there are no restrictions in changing the company name, but he should follow the rules.
When will be the new name of the company come in enforce?
By attaining insurance of the fresh certificate of incorporation.
The reason why a company can change its name?
May be changed in the ownership of it can be done for various reasons.
Are two firms can have the same name?
No, the company name is the legal identity of the company, and two companies can’t have the same legal personalities.
How much time does it take to change your company name?
It takes around 2-3 working days to change the name of your company, and the digital name can be sent to you with the support of email.
Resolution requires for changing a company name?
The company’s shareholder’s resolution is mandatory for changing its name.
Which document is an essential document for the company?
According to the legal views, the Memorandum of Association is a necessary document of the company.
What are the charges for changing a company name?
17,400 INR is the estimated amount.
How can one change the ownership of the business?
A one can change the business owner with his intention, and with the help of legal documents as like Employer ID Number (EIN), which is provided by the IRS.
How can I change my company bank account name?
For improving your company bank account name, you have to give an application in your bank and provide a copy of the certificate which is granted by the company house.
