Changing the name of a company is a significant decision that must align with the provisions of the Companies Act, 2013. Whether it’s for rebranding, business expansion, or a shift in focus, Ractax provides expert services to handle the entire company name change process smoothly and compliantly.
What is a Company Name Change?
A company name change involves altering the legal name of the company as registered with the Registrar of Companies (RoC). This change requires approval from shareholders, board members, and the RoC, followed by updates to all legal and operational documents.
Why Change a Company Name?
- Rebranding: To reflect a new business identity or focus.
- Mergers or Acquisitions: To align with a parent or merged entity.
- Diversification: To better represent expanded products or services.
- Statutory Requirements: As directed by legal or regulatory authorities.
- Correct Errors: Rectify any discrepancies or mistakes in the registered name.
Why Choose Ractax for Name Change?
- Expert Guidance: Ensure full compliance with the Companies Act and RoC procedures.
- Hassle-Free Process: From documentation to final approval, we manage everything.
- Timely Execution: Avoid delays with our efficient and streamlined service.
- Comprehensive Support: We assist with updating all records, licenses, and registrations.
- Transparent Pricing: Affordable and clear pricing with no hidden charges.
Documents Required for Name Change
- Current Memorandum of Association (MoA) and Articles of Association (AoA)
- Board resolution approving the name change
- Shareholder resolution passed in the General Meeting (Special Resolution)
- Proposed new name(s) for approval
- Name approval letter from MCA (via RUN application)
- Updated MoA and AoA with the new name
- Form MGT-14 and INC-24 for filing with the RoC
Steps Involved in Changing a Company Name
- Board Meeting: Pass a resolution to approve the name change and propose new names.
- Name Approval: Apply for name approval from the Ministry of Corporate Affairs (MCA) using the RUN form.
- General Meeting: Obtain shareholder approval through a special resolution.
- Filing with RoC: Submit forms MGT-14 and INC-24 with supporting documents to the RoC.
- Approval: RoC reviews and approves the application, issuing a Certificate of Incorporation with the new name.
- Update Records: Modify the MoA, AoA, and all statutory records to reflect the new name.
Benefits of Professional Name Change Services by Ractax
- Compliance Made Simple: Avoid penalties or rejection with expert handling of filings.
- Strategic Advice: Choose a name that aligns with your business objectives and regulatory guidelines.
- End-to-End Service: From legal approvals to record updates, we take care of the entire process.
- Business Continuity: Ensure a smooth transition without disrupting operations.
Let Ractax Simplify Your Company Name Change
Rebranding or renaming your company is a crucial step in business evolution. At Ractax, we provide comprehensive services to handle the name change process efficiently and compliantly, allowing you to focus on what matters most—growing your business.
Contact Us Today to begin your company name change journey with professional support!