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Change in Name of the Entity

Naming an entity can feel like naming a child. You only get one shot, so you’d better get it right the first time. But that’s not really true. Some kids grow up and change their names and a growing business can do the same with some strategic thought.

An entity is an artificial person which gets its separate and legal identity through its name. The name of the entity reflects its independent corporate existence. Sooner or later the time comes when a corporate identity is no longer up to scratch. There could be circumstances wherein specific entity information needs to be updated with ROC. One such requirement is change in the name of the entity in India. Name of the entity can be changed by following the procedures laid down in Companies Act, 2013.

Circumstances for Change In Name Of The Entity in India:

Benefits of Change in name:

  • Allows room for growth
  • Unique Identity

Procedure for Change of name in case of Company in India:

  • Filing of form INC-1 after completion of document from the client for change name of the company.
  • After name will gets approved by Central Government, form MGT-14 & INC-24 gets filed to give effect to change in name.
  • Total Time taken to complete the whule process is 20-25 working days.

Procedure for Change of name in case of LLP in India:

The LLP may change its name by following the procedure as laid down in the LLP agreement. Where the LLP agreement does not contain any procedure, consent of all partners is required for changing the name of the LLP.

  •  LLP shall apply for reservation of name to the Registrar of Companies in eForm 1.
  • After name will gets approved by Central Government, form MGT-14 & INC-24 gets filed to give effect to change in name.
  • Application to be filed in eForm 5  for change of name of the LLP to the proposed name reserved for the purpose.
  • File eform 3 for amendment in the LLP Agreement within 30 days of change of the name.
  • Average Time taken to complete the whule process is 20-25 working days

Required Documents for Change in Name of the Entity

In regard to the Change in Name of the Entity following documents are needed:

  • Board Resolution for change Name clause of MOA of the Company
  • Board Resolution for Notice of EGM of the Company.
  • Notice of EGM with explanatory Statement.
  • Special Resolution for alter name clause of MOA.
  • Altered MOA & AOA.
  • Minutes of the members meeting (EGM).
If change of name is due to change in main activity of the company, a certificate from chartered accountant regarding turnover details from new activity should be enclosed.
Information required
  • 6 Name of the Company according to preference.
  • Reason for change name of the Company

FAQs Change of Name

Name & CIN of the Company.

Details of the Directors with DIN.

Name & DSC of the authorized Director for filing form INC-1.

6 names in order of preference with significance of key or coined words.

Reason of name change of Company.

Certified copy of decision/consent of requisite partners.

If change is due to a direction received from the central government, then copy of such direction.

Copy of Board Resolution of the existing company or consent of existing LLP as proof of no objection.

Copy of the minutes of decision/resolution/consent of partners.

The extracts of the relevant provision of the Limited Liability Partnership Agreement, if any.

Name & LLPIN of the LLP.

Details of the Partners with DPIN.

Name & DSC of the authorized partner for filing form 1.

6 names in order of preference with significance of key or coined words.

Reason of name change of LLP.

Registrationwala India’s fastest growing legal consultants. Our team consists of qualified professionals who will assist you in all legal guidance and documentation involved in change of name of the entity.

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