In the time of incorporation, a Business Entity is required to be registered with a Unique Name with the Ministry of Corporate Affairs (MCA) and the Registrar of Companies (ROC), which is known as the Registered Name for the particular Entity.

As per the provisions in Section 13 of the Companies Act of 2013, a company’s name can be changed at any time after its incorporation. It being an entity regulated by law, it has to follow a specific process provided by the Companies Act, 2013. The process includes conducting board meeting and member’s meeting for their respective consent, which will be followed by name reservation and approval from Central Government for said change. A company can easily change name after it has been incorporated. It can change company name in case of a change in business, ownership, management etc. Once a company change the name, there will not be any impact on its existence as a corporate entity.

ComplianceIndia helps you with the simplest way to Change Name of the Company.

1. The directors or the shareholders may voluntarily decide to change the business name mutually for any justified reason. To make the name relatable and easy for the consumer can also be a reason to change business name.

2. Change of name can prove to be a good marketing strategy to enhance brand value. Name assumes the brand value of the company and intention to improve the brand value is often a reason to change the name.

3. Changing the name of Company to follow the government order.

4. Change in the name may be required due to change of business objective. If the name does not truly reflect the altered objective, it can be changed in line with the objective.

5. If the name has become irrelevant to products or services offered it must be changed to target the right audience.