Take Expert Assistance for Systematic Company Name Change

1. Take Expert Assistance for Systematic Company Name Change In various conditions, the management of a company may decide on the company name change. For a limited company that is registered with MCA, the change of name is a big matter and a significant decision. If you are going to change the name of your registered company, you have to move systematically as per ROC’s rules and regulations. Undoubtedly, this is an intricate job where certain forms and required and certain documents are asked to submit. It may also take significant time to arrange everything and then submit them systematically. Most companies take expert assistance for this job. When do the companies need a name change? The name change is a concern in various conditions. In India, when significant FDIs are coming from Europe and America, domestic companies are going for M&A or JV in large numbers. At the same time, hundreds of startups have been acquired by top-notch corporate houses in different parts of the country. In all these situations, company name change becomes imperative. Besides, a change of company name can become essential when the objective of the company changes, for re-branding, when the management changes, when the public limited company change to private limited or vice versa, when the company plans to rebrand or changes its logo, etc. General provision for the name change of a company In India, the company name change is a time-consuming process. You can take expert assistance such as expert consultation of UComply for a systematic name change. The general provision for name change follows the procedure stated here:  First, the board of directors needs to pass a special resolution on this matter. The resolution should be conveyed to ROC (MCA).

2.  Under no other condition, the name change is allowed if the company has failed to submit its last annual return. There are several restrictions on the use of words in the company name such as the company cannot use any word that may give a notion that the company is associated with any local or central Government agencies or the Government directly. When the change of name is as per section 13(2) of the Company Act, the ROC will issue a fresh name a replace it with the old name. After the registration of the new name, ROC will issue a new MoA and a new company seal.   Besides, there are dozens of other steps that need to be complied with before your company is re-registered with the name change. Since each of these steps takes time and follows certain rules as per the company act, you need expert assistance. Let UComply help you in this matter. In that case company name change process will be smooth sailing and you will be able to focus on your business activities.