Change in Name Clause

    Get Free Consultation





    The name clause represents the company’s identity. Any change in this clause requires amendments to the MOA, Articles of Association (AOA), and approval from various regulatory authorities, including shareholders, the Ministry of Corporate Affairs (MCA), and the ROC.

    • Rebranding or repositioning in the market.
    • Reflecting changes in the company’s operations or business scope.
    • Avoiding conflicts with trademarks or other entities’ names.
    • Section 13 of the Companies Act, 2013 governs amendments to the name clause.
    • Requires passing a special resolution and obtaining Central Government approval if the name includes specific restricted words.
    • Board resolution to propose the name change.
    • Shareholder approval through a special resolution in an Extraordinary General Meeting (EGM).
    • Filing Form MGT-14 with the ROC.
    • Filing Form INC-24 for name approval and amendment registration.
    • Step 1: Convene a board meeting to propose the change and approve the name availability application to the MCA.
    • Step 2: File the RUN (Reserve Unique Name) application with the MCA for name reservation.
    • Step 3: Hold an EGM to pass a special resolution approving the name change.
    • Step 4: File Form MGT-14 within 30 days of the resolution.
    • Step 5: File Form INC-24 with the ROC to obtain approval for the name change.
    • Failure to update the name clause may result in penalties and rejection of documents filed under the old name.
    • Non-compliance can affect contracts, banking relationships, and stakeholder trust.
    • Board resolution proposing the name change.
    • Special resolution passed in the EGM.
    • RUN approval from MCA.
    • Updated MOA and AOA with the new name.
    • Legally establishes the new name across all jurisdictions.
    • Ensures a smooth transition in branding and stakeholder communication.
    • Avoids penalties and regulatory scrutiny.
    • RUN Application: Submit to MCA for name reservation.
    • Form MGT-14 Filing: File within 30 days of passing the resolution.
    • Form INC-24 Filing: File to finalize the name change and update with the ROC.
    • RUN Application Fee: Rs. 1,000 for name reservation.
    • Form MGT-14 Filing Fee: Rs. 1,000 + ROC fees based on company size.
    • Form INC-24 Filing Fee: Rs. 2,000 + GST.
    • Estimated Total Cost: Rs. 5,000 to Rs. 7,500, depending on company structure and approvals required.

      Get Free Consultation