Change of Company Name

A company or OPC can change its name, to rebrand, reflect a new focus, or update its identity. The process runs through name reservation, a special resolution, and approval, ending in a fresh Certificate of Incorporation with the new name. Samkhya handles your company name change from start to finish.

Change of Company Name: A Detailed Guide

A company changes its name, the first clause of its Memorandum, under Sections 13 and 4 of the Companies Act, 2013. The company first reserves the proposed name through the RUN service on the MCA portal, then the board approves it and convenes a general meeting, where the members pass a special resolution. The resolution is filed in Form MGT-14 within 30 days, and the company files Form INC-24, the application for Central Government approval of the name change. Once approved, the Registrar issues a fresh Certificate of Incorporation in Form INC-25 with the new name. The company’s CIN stays the same, and the change takes effect from the date of the fresh certificate, after which all records are updated. The same process applies to an OPC.

Reasons to Change the Name

A company may change its name for several reasons:

  • Rebranding: A new name can support a rebrand.
  • New Focus: It can reflect a change in the business focus.
  • Better Fit: It can give a name that fits the company better.
  • Conversion: A conversion changes the name suffix.
  • Dispute: It can resolve a name or trademark dispute.
  • Fresh Identity: It can give the company a fresh identity.

Key Requirements

A company name change requires:

  • Name Reservation: The new name is reserved through RUN.
  • Board Resolution: The board approves and calls a general meeting.
  • Special Resolution: The members pass a special resolution.
  • MGT-14: The resolution is filed within 30 days.
  • INC-24: The application for Central Government approval is filed.
  • Fresh Certificate: A fresh certificate of incorporation is issued.

The Name Change Forms

A name change involves:

  • RUN: The reservation of the new name.
  • Board and Special Resolutions: Approving the name change.
  • MGT-14: Filed within 30 days of the special resolution.
  • INC-24: The application for approval of the name change.
  • Altered MOA and AOA: Updated with the new name.
  • INC-25: The fresh certificate of incorporation issued.

When to Change the Name

A name change is used:

  • When the company rebrands under a new name.
  • When the name no longer reflects the business.
  • When a conversion changes the name suffix.
  • When a trademark or name dispute requires a change.
  • When the company seeks a fresh identity.

The Process

A name change begins with reserving the new name through the RUN service, ensuring it is available and meets the naming rules. The board approves the change and convenes a general meeting, where the members pass a special resolution (with at least 21 clear days’ notice). The resolution is filed in Form MGT-14 within 30 days, and the company files Form INC-24, the application for Central Government approval, attaching the resolutions and the altered Memorandum and Articles. Once the Registrar is satisfied, it issues a fresh Certificate of Incorporation in Form INC-25, and the new name takes effect from that date. The CIN remains unchanged, and the company then updates its PAN, GST, bank, and other records. The process typically takes 30 to 45 days.

Documents Required

For the Change:

  • The RUN name-approval letter, and the board and special resolutions.
  • The notice and minutes of the general meeting, and the altered Memorandum and Articles.

Supporting:

  • The existing certificate of incorporation.
  • The details needed for INC-24 and the fee calculation.

Name Change Process

A company name change follows a clear sequence:

  1. Reserve the new name through RUN.
  2. Pass a board resolution and call a general meeting.
  3. Pass the special resolution approving the new name.
  4. File MGT-14 within 30 days.
  5. File INC-24 for Central Government approval.
  6. Receive the fresh certificate of incorporation (INC-25).
  7. Update PAN, GST, bank, and other records.

Change your Name with Samkhya

Changing your company name with Samkhya Corporate Services is simple. Just follow these easy steps:

  • Tell us the new name: Share the name you wish to adopt.
  • We reserve and prepare: We reserve the name and draft the resolutions.
  • Fill the form: Complete our online form and provide the documents.

From there, our team handles the reservation, resolutions, and INC-24 filing.

After the Name Change

Once the name is changed:

  • New Name Effective: The new name applies from the fresh certificate’s date.
  • CIN Unchanged: The company’s CIN stays the same.
  • Update Records: PAN, GST, bank, and licences are updated.
  • Update Branding: Stationery, signage, and digital assets are updated.
  • Inform Stakeholders: Customers, vendors, and authorities are informed.
  • Keep Records: Retain the fresh certificate and resolutions.

Fees and Timeline

A company name change carries the fees for name reservation (RUN), the MGT-14 and INC-24 filings, based on the company’s authorized capital, and any stamp duty on the altered Memorandum, which varies by state. Professional charges are separate. The discipline is the 30-day deadline for filing MGT-14 from the special resolution. The overall timeline is typically 30 to 45 working days, made up of name approval (a few days), the meeting and MGT-14 (a few weeks), and INC-24 approval (one to two weeks), with delays usually arising from trademark objections or document gaps. The new name takes effect only from the fresh Certificate of Incorporation, so rebranding is best planned for after it is in hand.

Company Name Change at a Glance

Feature Detail
Governing Law Sections 13 & 4, Companies Act 2013.
Reservation RUN service.
Approval Special resolution + INC-24.
Key Forms MGT-14, INC-24, INC-25.
Effective From the fresh certificate.
CIN Stays the same.

Frequently Asked Questions

How does a company change its name?

It reserves the new name through RUN, passes a special resolution, files MGT-14 and INC-24, and receives a fresh Certificate of Incorporation with the new name.

Does the CIN change with the name?

No. The company’s CIN stays the same; only the name changes, and the change is effective from the fresh certificate of incorporation.

What is Form INC-24?

INC-24 is the application to the Central Government for approval of a company’s name change, filed after MGT-14 with the altered MOA and AOA.

When does the new name take effect?

The new name takes effect from the date of the fresh Certificate of Incorporation issued in Form INC-25, not from the date of the resolution.

How long does a name change take?

It typically takes 30 to 45 working days, covering name approval, the meeting and MGT-14, and INC-24 approval.

Does the same process apply to an OPC?

Yes. A One Person Company changes its name through the same process, with its OPC Private Limited suffix retained.