Company Name Change

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    A company’s name is its primary identifier in all legal, commercial, and regulatory dealings. Changing the name requires amendments to the Memorandum of Association (MOA) and Articles of Association (AOA), along with approval from stakeholders and regulatory authorities.

    • Rebranding or repositioning in the market.
    • Reflecting changes in the nature of business activities.
    • Avoiding legal conflicts with trademarks or other entities’ names.
    • Section 13 of the Companies Act, 2013 governs the process of altering a company’s name.
    • Approval of a special resolution by shareholders is mandatory.
    • Forms MGT-14 and INC-24 must be filed with the ROC.
    • Voluntary Name Change: Initiated by the company for strategic reasons.
    • Involuntary Name Change: Mandated by regulatory authorities or courts due to legal conflicts.
    • Convene a board meeting to propose the change.
    • File a RUN (Reserve Unique Name) application for name reservation.
    • Obtain shareholder approval through a special resolution.
    • File Form MGT-14 and INC-24 with the ROC.
    • Update the company’s MOA and AOA.
    • Step 1: Convene a board meeting to approve the proposed name change.
    • Step 2: File the RUN application with the MCA for name reservation.
    • Step 3: Hold an Extraordinary General Meeting (EGM) to pass a special resolution.
    • 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 comply may result in penalties under the Companies Act, 2013.
    • The company may be unable to use its new name legally in contracts or regulatory filings.
    • Board resolution proposing the name change.
    • Special resolution passed in the EGM.
    • RUN approval from MCA.
    • Updated MOA and AOA with the new name.
    • File the RUN application for name availability with MCA.
    • Submit Form MGT-14 within 30 days of passing the resolution.
    • File Form INC-24 for final approval of the name change by 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. 10,000, depending on the complexity of the change.

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