The name of a Company or LLP can be changed by the promoters at any time after the incorporation. The existing Companies are inclined to change its name due to change in ownership, main business object, business restructuring, mergers and amalgamations or conversion of company from one type into another and Shareholders’ may require change of name. However, it has no impact on legal status of the existing entity. Hence, all assets and liabilities including claims, receivables and payables of the company would continue as it is.

Change of company name requires passing of a board resolution, obtaining the Name Approval from the Central Registration Centre (CRC), passing of members’ special resolution and applying for approval of new name for the Company. If the MCA approves the application, a Fresh Certificate of Incorporation will be issued. After obtaining the fresh Certificate of Incorporation, necessary changes must be made in the MOA, AOA and other documents and stationeries of the company currently in use.

KRB Finarch will be delighted to assist you in change of name of the Company or the LLP. The average time taken to complete a company name change is about 2 to 7 working days, subject to government processing time and client document submission.