The name of the company is regarded as the identity of the company. A registered company can change its name after it has been incorporated. To change the name of a company, shareholders approval is required along with approval from the Ministry of Corporate Affairs.
REASONS FOR A COMPANY NAME CHANGE:
When you start the business that time you choose any name as brand or company name but later when the business grows that time you think about changing the company name. There can be various reasons to change the name of a company.
1) Company Name has become irrelevant to products & services offered
2) To enhance Brand Value of the Company
3) Current Name is too general to establish a distinct identity in Market
4) Directed by the government for a change of company name
PROCESS FOR COMPANY NAME CHANGE:
A) Meeting of Board of Directors should be conducted
B) Check Name Availability on MCA website
C) File application for new name approval.
D) Approval of new proposed name by the Registrar of the company
E) Approval of the proposed name by shareholders
F) File necessary documents for registration of name change.
G) Issuance of fresh Certificate of Incorporation