Company Name change in Vadapalni - Filingpoint
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Filingpoint The name of a company is the most important asset for its growth and branding. Therefore, it is very important to make sure that the company's name is not already in use by another brand or a trademark. In case of a conflict, the company should seek approval from RoC to change its name. Apart from that, the name should not be obscene or contain words prohibited under the Companies (Incorporation) Rules.
Once the board approves the name change, the authorizing director or CS of the company should check the name availability with MCA through RUN (Reserve Unique Name) facility. Then, the company should call for an EGM and pass a special resolution to amend the company's Memorandum of Association and Articles of Association for changing the name. Once the resolution is passed, the company must file MGT-14 and INC-24 with RoC along with requisite fees for name change.
In some cases, a company may decide to rebrand itself for better positioning in the market or to reinforce its image. The change in the name is generally done by altering the Memorandum of Association and bringing it into line with the new business objects of the company. The company may also choose to change its name in the event of acquisition or takeover by a different entity. It may even opt to change its name after gaining popularity for a particular product or service.
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