The registered office of a Company is the principal place of business for it and concerned authorities are sent to the same address.
Company Name Change Service in Purnea, Bihar
Sometimes, your company name doesn’t sound right or is not working well for your business; Or maybe you need to change the name of your company to distance yourself from any negative associations. In such a situation, you can change the name of your company to something else that suits your future plans. While choosing an alternate name may seem like an easy task, the legal process of changing your company name is tedious. That’s why we at Avyud Consultancy have created this service to make that transition easy for you. We have made the process as simple as possible and take care of most of the work for you.
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Why Change Your Company’s Name?
People decide to change their company name for any of the following benefits:
Capitalising on The Popularity
If a business gains popularity for a particular product or service, it may rename its company around that product/service to capitalize on that popularity.
Memorable Business Name
If the existing name is not catchy enough, one can change the name of the company to something more memorable that will strike the right chord with their potential customers.
Repositioning
A company name can also be changed when the business is ready to move to a new market. It helps in re-establishing the brand/company.
Location-friendly Name
Sometimes, depending on the new geography you are entering, it may be necessary/useful to change the name to something that is more friendly and acceptable there.
Avoiding Copyright Issues
If a company’s name is subject to copyright issues then it can change its name to avoid problems.
Change of Ownership
A new name will help a new owner put ‘seal of authority’ on the company and give it a whole new direction.
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Documents Required for Change Company Name
The following documents have to be submitted for filing the Change Company Name.
Certified copy of Board Resolution
Current Certificate of Incorporation
MOA and AOA in word format
List of Directors and Shareholders
Proposed Name(s) in order of preference.
Digital Signature of the authorised director
Letterheads (approx 10) & stamp of director
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FAQs for Company Name Change Service
How to Change the Name of a Company?
Company name change is a legal process; Team SetIndiabiz will assist you through each and every step of your company name change process. For this purpose, the Board of Directors has to pass a resolution after concurrence of 3/4th shareholders. The company has to apply in the RUN form for the availability and confirmation of the new name. After name approval, ROC filing takes place in Form MGT-14 and INC 24, resulting in a new Certificate of Incorporation with its new name.
What are The Articles of Association of a Company?
Association of Associations (AOA) is a legal document that talks about the internal management of the company and its purpose is to fulfill the objectives mentioned in the memorandum.
Who Can Approve The Name Change?
The Registrar of Companies in the respective states has the authority to approve such changes. Please note that before filing the name, it should be ensured that the company has filed all the documents including previous year’s balance sheet etc.
Will the PAN Number change?
No, the PAN number of the company will not change as there is no change in the constitution of the company. However, we advise you to file an application to amend the PAN record of the company and obtain a new PAN card with the updated name of the company.
Can 2 companies have the same name?
No, two companies registered in India cannot have the same name. ROC will not allow a company to register a name already in use.
Have some queries?
Our experts will assist you in choosing the most suitable plan for you. Contact our team to get all your queries resolved. Write to us at info@avyud.in or call us @ +91-8100666111, +91-8884700074.
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