The name of LLP can be changed by the promoters at any time after incorporation of the company. Some of the major reasons for change of company name are business model change, change of promoters, rebranding, etc. To change the name of a company, shareholders approval is required along with approval from the Ministry of Corporate Affairs. The change of a name of a company however has no impact on the legal entity or its existence. Hence, all assets and liabilities of the entity would continue with regards, but only the names of the company have been changed.
Change of company name requires passing of a board resolution, obtaining name approval from MCA, passing of a special resolution and applying for the approval of new company name to the MCA. If the MCA approve the application, a new certificate of incorporation is issued. After obtaining it changes must be made to incorporate the change of MOA and AOA of the company.
BusinessCrow is the leading business services platform in India, offering a variety of services like company name change, trademark registration, GST registration, LLP registration and more. BusinessCrow can help you to file for the change of company or LLP in India. The estimated time taken to complete a company name change is about 90 days, as subject to government processing time and client document submission.
Reasons to Company Name Change
Separate Legal Entity
Private Limited Company is a legal entity and a juristic person established under the Companies Act. Hence, companies have a range of legal capacities and the members (Shareholders/Directors) of a company and have no personal liability to the creditors of a company for company's debts.
Private Limited Company has 'perpetual succession', meaning uninterrupted existence until it is legally dissolved. A company being a separate legal person, is unaffected by the death or other departure of any member and continues to be in existence irrespective of the changes in ownership.
Private Limited Companies can raise equity funds in India. Companies can also issue equity shares, preference shares, debentures and accept deposits with RBI permission. Banks and Financial Institutions prefer to provide funding to a company rather than partnership firms or proprietary concerns.
Private Limited Company being an artificial person, can acquire, own, enjoy and alienate property in its name. The property owned by a company could be machinery, building, intangible assets, land, residential property, factory, etc., No shareholder can make a claim upon the property of the company - as long as the company is a going concern.
Simple & Transparent Pricing
Rs. 14999.00All Inclusive
Rs. 24999.00All Inclusive
Rs. 29999.00All Inclusive
How BusinessCrow can help with Company Name Change
BusinessCrow can help you with Company Name Change
For beginning the process business expert will review the present and proposed name of company and the Articles of Association to understand the background of the company. The review would take 1-3 days.
Once you obtain an understanding of the procedures involved in changing company name, our Experts will draft the necessary Board Resolutions for the further procedure.
Once the Board Resolutions are passed, our Experts will prepare and file the necessary documents for you under the Ministry of Corporate Affairs.
Check Company Name Availability
Check availability of company or LLP name in India against the MCA and trademark database.