A company is a separate legal entity and if one wants to change its name, one has to make changes in the other legal agreements like MOA & AOA of the company. The name of a company can be changed by passing a special resolution of the shareholders of the company and by receiving the approval of ministry of corporate affairs (MCA). By changing the name of an existing company, a new company or entity cannot be formed. So,
the change in the name of company would Not:
The proceedings that are pending would not get affected. The company can continue them with the old name.
STEP:1 Hold a meeting of Board of Directors of the company
STEP:2 Name Availability and its approval
STEP:3 Hold an Extra – ordinary general meeting
STEP:4 Documents Preparation
STEP:5 Forms preparation and filing on MCA portal
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It usually takes around 3-4 working days in total to change a company name on the Companies
Yes, it is compulsory to make changes in MOA and AOA of the company if one is changing its name.
No, the change in the name of a company does not make any legal proceedings by or against the company defective.
No, a change in the company's name does not affect the rights and obligations of the company.
Yes, when one makes changes in the name of a company, it is important to receive the approval of the Ministry of Corporate Affairs (MCA).
Yes, to change a company's name one needs the approval of its shareholders.