The name of the company can be changed by the promoters after incorporation. The change in the company name will not have any impact on the corporate entity or its existence. Therefore, all the assets and liabilities of the business would continue to exist, while only the name of the company has been changed. A company can change its name in case of change of promoters, business model change or rebranding. A company can change its name after the approval of shareholders in the general meeting & by making necessary filings with the Ministry of Corporate Affairs.
If the Ministry of Corporate Affairs (MCA) accepts the application, a new certificate of incorporation (CoI) will be issued. After obtaining the incorporation certificate, changes must be made to incorporate and change the MOA and AOA of the company as well.
PROCEDURE FOR CHANGING THE COMPANY NAME
- The board must pass a resolution selecting the new name of the company. This new name must align with the guidelines given by the RoC.
- Get the approval from RoC in this regard.
- Once the RoC approves, the company can switch to its new name.