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As the time proceeds, so does the company and its growth. Many a times, the company or LLP is obliged to change its name, reasons being a merger or acquisition, rebranding strategy, remodeling of business or to make it consumer friendly. The change in company name only causes change in the MOA & AOA and how the customers are seeing it. There is no impact on the legal grounds, the assets and liabilities of the company stay intact.
To change the name of the company, the shareholders need to be on the same and should get the passing resolution of the board members through the board meeting. The availability of the new name has to be checked with Ministry of Corporate Affair (MCA) beforehand. The Extraordinary General Meeting (EGM) is organized with the purpose of passing special resolution to change the name of the company and in turn make changes in the MOA and AOA of the company.
The application of the name change along with the special resolution is filed with the MCA. Upon the approval from the MCA, new certificate of incorporation is issued. The whole process of name change takes approximately 90 to 100 working days. Jain Divya & Associates extends knowledge and services to help you file application for name change of the company. Schedule a consulting session with Jain Divya & Associates to know more about the name change procedure.