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Change Company Name

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How to Change Company Name

Since the Memorandum of Association and Articles of Association must be changed, changing the name of a corporation constitutes a substantial amendment. A business may change its name in accordance with the Companies Act 2013 by adopting a special resolution at the general meeting and obtaining the Registrar of Companies' (RoC) and Central Government's blessing.
However, changing a company's name won't result in the formation of a new business or other organisation. The current business will carry on as before under the new name. Therefore, the following won't change as a result of the firm name change:
> Rights or obligations of the company
> Any legal proceedings by or against the company

Reasons for Change of Company Name

For a number of reasons, a firm could decide to alter its name. The following is a list of some of the typical causes:
> Voluntary change of name
> Change in business activity
> For marketing or rebranding
> Avoid IPR issues
> Compliance with RoC direction
> Capitalising on the popularity of a service or product

Compliances After Change of Company Name

All copies of the MOA and AOA must include the new company name once the RoC issues the new certificate of incorporation. The following documents must also be updated with the company's new name:
> The common seal of the company and official company seal
> Promissory notes and bills of exchange
> Company bank account name
> Tax authorities, EPF and ESI department
> Company website and social media accounts
> Company PAN and TAN
> Company letterheads, business cards, etc.
> Company statutory registers
> Employment and business contracts
> Update business licenses or permits

Documents Required

In addition to the documentation that must be filed with the MGT-14 and INC-24, the following documents are necessary:
> Certificate of Incorporation
> Altered MOA and AOA
> List of shareholders and directors
> Digital Signature of the authorised director
> Proof of registered business address

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