Changing a company’s name involves a structured process to ensure compliance with legal requirements. Initially, the board of directors must pass a resolution approving the proposed new name. The company then checks the availability of the desired name with the Ministry of Corporate Affairs (MCA) through a Name Reservation application (Form RUN or Reserve Unique Name).
Once the name is approved, the company convenes an extraordinary general meeting (EGM) to pass a special resolution for the name change. Following this, the company files Form MGT-14 with the Registrar of Companies (ROC), attaching the special resolution and the amended Memorandum of Association (MOA) and Articles of Association (AOA).
Finally, the company files Form INC-24 to obtain approval from the ROC for the name change. Upon approval, the ROC issues a new Certificate of Incorporation, reflecting the new name. The company must then update all legal documents and business licenses and inform stakeholders of the change. This process ensures a seamless transition to the new name while maintaining legal compliance.