Process of Registration by Taxhub
Upload the basic Documents
Choose your requisite plan and pay the fees
Taxhub will apply for availability of name
Taxhub will file Requisite Form
Get your Amended Incorporation Certificate
Overview of Change in name of company?
Change in Name clause of the Company involves Alteration of Memorandum of Association and Articles of Association of the Company. Section 13 and 14 of Companies Act 2013 regulates the process of amendment in Memorandum of Association and Articles of Association respectively and is applicable to all Companies.
Section13 of the Companies Act, 2013 deal with change of name which says that the name of the company can be changed by a special resolution and with the approval of the Central Government. Approval of Central Government is not required if the change relates to the addition/deletion of the words “Private” to the name.
There is a four-stage approval requirement for effecting change in the name of the company. Following are the requirements of obtaining prior approval in the process of the company name change:
• Approval of the Board of Directors
• Approval of more than 75% of Shareholders
• Approval of the ROC (MGT-14)
• Approval of the Central Government (INC-24)
Process of Company Name Change.
Following are the steps which need to be followed for change of company name
• Held Board Meeting
The first step is to conduct a board meeting and decides the proposed name and passes a resolution for change of name.
• File Run Form
Once the board passes a resolution for change of company name, a request for reservation of name is made to the Registrar of Companies through the RUN (Reserve Unique Name).
• Hold EGM
After getting the name approval letter from the office of Registrar of Companies, the next step is to get the approval of shareholder by passing a special resolution. To call an Extra Ordinary General Meeting the directors must send at least 21 days clear notice to the shareholders along with proposed resolution and explanatory statement.
• Filing of Form MGT-14
Once the special resolution has been passed by the 75% voting rights, The SR needs to be filed before the ROC within 30 days of passing the resolution.
• Filing of Form INC-24
Once the MGT-14 has been filed with ROC, after that fresh INC-24 is filed to ROC along with requisite documents.
Documents Required for Company Name Change
Following is the list of documents required for change of company name
1. Current Certificate of Incorporation
2. MOA and AOA in word format
3. List of Directors and Shareholders
4. Proposed Name(s) in order of preference.
5. Digital Signature of the authorised director
6. Letterheads and rubber stamp of director.
9,999/-
All Inclusive Fees
| (Upto 25 Lakhs Authorised Capital) |
| Filing of Form MGT-14 |
| Filing of Form INC-24 |
12,999/-
All Inclusive Fees
| (Upto 30 Lakhs Authorised Capital) |
| Filing of Form MGT-14 |
| Filing of Form INC-24 |
16,999/-
All Inclusive Fees
| (Upto 50 Lakhs Authorised Capital) |
| Filing of Form MGT-14 |
| Filing of Form INC-24 |
| Customized package available for more than 50 Lakhs Authorised Capital. |
Benefits of Company Name change
The employees will understand that the organization values the welfare of the employees. This will increase the amount of employee welfare
If you have one that you find embarrassing or that brings the wrong kind of attention, changing it may relieve you of a lot of embarrassment or hassle
If your goal is to stand out of a crowd, changing from something common to something unique might make sense. If you would prefer to not have the same one as everyone else, changing to something that suits you better is an option
When you’re launching a business, it’s difficult to clearly picture what the future of your brand will look like. It’s possible that your business takes a different path than what you planned for. Renaming may be essential to have a name that fits well with your business
You can plan as much as you want, but uncertainties and surprises are bound to happen in the business world. One of the pleasant surprises could be winning an audience that you never intended to target
As previously mentioned, being a budding entrepreneur, you may have picked a generic name or named your business in a rush. Now that you’ve gained practical knowledge in the industry, you know what works and what doesn’t
Shares of a company are movable property and thus can be transferred like any other property. A public company can freely transfer its shares, but there are some restrictions.
The goods and services tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption. The GST is paid by consumers, but it is remitted.
