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Change in Name Clause

Name of the Company is its identity throughout its span of life should be thought well before and shall be constructed in such a manner that can stay sustainable with the future growth in Company. Companies Act regulates the naming process for the Company right from selecting it to any changes made thereafter.
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PRACTICAL SERVICE GUIDE

Understand the requirement before you file

Name of the Company is its identity throughout its span of life should be thought well before and shall be constructed in such a manner that can stay sustainable with the future growth in Company. Companies Act regulates the naming process for the Company right from selecting it to any changes made thereafter.

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Name: An Identity of the Company

Name of the Company is its identity throughout its span of life should be thought well before and shall be constructed in such a manner that can stay sustainable with the future growth in Company. Companies Act regulates the naming process for the Company right from selecting it to any changes made thereafter.

Certain do's and don'ts while selecting the along with the procedure to change the name is briefly elaborated in this article.

Guidelines as per Companies Act While Naming The Company

Companies Act 2013 prescribes the conditions related to naming the Company whether it is Private Limited, OPC or Public Limited. Following are the conditions which have to be kept in mind while selecting the name for the Company:

  • MCA ensures the name applied doesn't resemble the name already registered as a company or trademark. Mere joining the separate words or using the plural version of the existing name doesn’t make it unique.
  • MCA restricts the names which are too general, such as Cotton Company Private Limited
  • The name of the Companies cannot start with the name of the person, for instance, Ankita Private Limited.
  • The proposed name shall be undesirable if it violets the following conditions:
  • Violets Emblem & Name Act
  • Violates Trademark
  • Includes offensive or misleading words

The name selected for the Company shall align with the objects of the Company.

If the Company is incorporated to engage in the business of providing financial services such as chit fund, financing, leasing, etc. shall indicate such activities in its name.

The name shall not include the words that indicate any constitution or any legal person such as, LLP, Trust, HUF, etc.

The last words of a Private Company shall end with Private Limited, One Person Company with OPC Private Limited, and the Public Company shall end with the word Limited.

The Procedure of Change Name of Company

Following is the step by step procedure to be followed by the Company willing to change its name:

  • Conduct Board Meeting: The proposed name shall be discussed by the directors of the Company. Notice of 7 days is issued to the directors to conduct the board meeting to pass the necessary resolution for the approval of name change. Following resolutions are passed in a board meeting: To authorize the Company Secretary or Director to apply ROC for confirming the availability of name selected. To fix the date, time and venue to conduct EGM to approve the new name after it is approved and for the alteration of MOA The Company shall keep in mind that no two companies can be registered with the same name.
  • To authorize the Company Secretary or Director to apply ROC for confirming the availability of name selected.
  • To fix the date, time and venue to conduct EGM to approve the new name after it is approved and for the alteration of MOA The Company shall keep in mind that no two companies can be registered with the same name.
  • Check The Name Availability: Company shall check the name for its availability through MCA. It can be checked whether the same name is registered as a trademark or as a company from the drop-down menu of "Public Search of Trademark" and "Check Company Name".
  • Apply Online For Name Approval: After the name is checked and the same is available, it can be applied through new web service RUN. Up to two names can be applied through this form with the prescribed fee of INR 1000. In case the Company is changing its name shall attach the board resolution for authorizing the same as an attachment to this form. After thorough scrutinizing the application, ROC either approves the name or puts it to resubmission. The name approved by ROC remains valid for 20 days from such approval.
  • Conduct Extra-Ordinary General Meeting: After the name is approved by ROC, and the name approval letter is received by the Company, shall call and convene the EGM to pass the necessary Special Resolution for approval of name change and making amendment to MOA & AOA.
  • Filing With ROC: Within 30 days of conducting EGM file the special resolution with ROC in form MGT-14 (the form is available on the official website of MCA and can be downloaded as a zip file) along with the following documents annexed with the form: CTC of Special Resolution passed Notice of EGM along with an explanatory statement Altered MOA Altered AOA
  • CTC of Special Resolution passed
  • Notice of EGM along with an explanatory statement
  • Altered MOA
  • Altered AOA
  • Approval Of Central Government: Company has to take the approval of the Central Government for the name change and alteration in MOA by filing form INC- 24. Copy of minutes of EGM in which the Special Resolution was passed shall be attached to this form.
  • New Certificate Of Incorporation: After the process of name change is completed, ROC shall issue the new COI with the amended name mentioned on it. The new name becomes effective since the issuance of new COI.

Restrictions on Change Name of Company

Rule 29 of Companies Rules 2014 specifically prohibits the following companies from changing the name:

  • A company that has defaulted to file an annual return on time
  • The Company which has failed to repay the matured deposit
  • A company that has defaulted in repaying matured debentures
  • Company has not paid or default in paying the interest on deposit or debentures

Conclusion

LIQUETAX DELIVERY WORKFLOW

One accountable path from review to completion

  1. 01

    Requirement review

    We confirm the applicant, objective, jurisdiction and correct service scope.

  2. 02

    Secure document collection

    A practical checklist keeps the required records and missing information visible.

  3. 03

    Validation and preparation

    Records are checked for completeness and consistency before the filing pack is prepared.

  4. 04

    Professional review

    A LIQUETAX professional reviews the prepared information and flags facts needing confirmation.

  5. 05

    Authorised submission

    Only after your approval is the applicable matter submitted to the relevant portal or authority.

  6. 06

    Tracking and handover

    Acknowledgements, follow-ups and the next known compliance action are coordinated.

SCOPE BOUNDARIES

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  • Government, portal and third-party charges are separated unless the quote specifically says otherwise.
  • Approval and authority processing times are outside LIQUETAX control.
  • Notices, objections or additional submissions are included only when stated in the agreed scope.
  • Changing eligibility, fees and rules require current professional verification.

EXPERTISE & CONTROL

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Professional review

Prepared information is reviewed before authorised submission.

Source-led checks

Changing requirements are checked against the relevant authority.

Tracked evidence

Acknowledgements and known next actions stay connected.

Independent authority

Final approval and processing remain with the government authority.

FREQUENTLY ASKED QUESTIONS

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What is included in Change in Name Clause?

LIQUETAX first reviews your facts and records, then confirms the exact preparation, filing, follow-up and completion documents included in your engagement.

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