Reasons for Changing company’s name

•   Change of business activity of the company.
•   Change to reflect brand of the company.
•   Change as per government order.

Conditions to fulfill for Changing Company’s Name:

•   A time period of at least 1 year should have elapsed from the last name change.
•   At least 50% of its total revenue in the preceding 1 year period should have been accounted for by the new activity suggested by the new name, or, the amount invested in the new activity/project is at least 50% of the assets of the company.
•   The new name along with the old name shall be disclosed through the web sites of the respective stock exchange/s where the company is listed for a continuous period of one year, from the date of the last name change.

Suggested read: MCA Naming guidelines for Company / OPC / LLP

Appointment of an Auditor is significant in a company that analyses and understands a company’s financial records to deliver effective analyses and relevant information. Management can use this information to evaluate the company and implement measures necessary to meet their objectives.

For any reason, if you wish change for your company, there’s a defined procedure to be followed. In case any of the procedure is not followed, Such change cannot be given effect to, by ROC. You may get in touch with our compliance manager for free consultation.