Name Change of Company
You can change your business legal name without changing the other aspects of your professional identity. Its easy, simple and cost effective.
Is it a good idea to change a company name?
It depends on how much your brand is known at this time and how many customers or potential customers know your name. Your current customers will not care if it is changed, they know you, are comfortable with you, and there is not much risk there. You need to think bigger and further in the future.
Can we change the name of Pvt Ltd company?
The name adopted by a private limited company during incorporation can be changed later. To change the name of a private limited company, the consent of the shareholders through a special resolution and MCA approval are required. The change of name of a company will not create a new company or new entity.
How long does it take to transfer a business name?
The transfer number is valid for 4 months and 28 days from the date of the transfer application. After this time, the business name will be available for others to register. Two business names may appear on our register for 28 days.
REGISTRATION COST
Basic | Starting at ₹ 8260 Change name of company |
Standard | Starting at ₹ 14160 Change name of company Change main objects |
Advanced | tarting at ₹ 20000 Change name of company Change Capital |
Documents Required For Name Change of Company
- Signed copy of Board Resolution provided by us
- Signed copy of Notice along with Explanatory Statements provided by us
- Signed copy of Special Resolution provided by us
- Signed copy of Minutes of General Meeting provided by us
- Altered MOA provided by us
- Altered AOA provided by us
PROCESS INVOLVED
1. Documentation
After the complete documentation and filing of forms with the requisite documents,the procedure of Name change of the Company takes 7-10days , subject to ROC processing time.
2. File form INC-1
File form INC-1 with ROC for approval of name and maximum 6 (Six) names can be suggested in one form. Form shall be filed with prescribed fees.
3. Name approval
Once a name for the Company is approved by Registrar, an Extra Ordinary General Meeting shall be convened as the name change requires member’s approval in General Meeting.
4. Form MGT-14
Form MGT-14 shall be filed with Registrar of Companies within 30 days of passing Special Resolution to file a copy of Special Resolution.
5. Form INC-24
Form INC-24 shall be filed with Registrar of Companies within 30 days of passing Special Resolution for the approval of name change with Central Government (Power delegated to ROC)
6. Incorporation Certificate
ROC will issue a New Certificate of Incorporation in form No. – 25. (Rule-29 of THE Companies (Incorporation) Rules, 2014). Name will be effective from the date of issue of Certificate.
ADDRESS CHANGE OF COMPANY
We’ll make the process as easy as possible so you won’t have to worry about a thing
Can I keep Registered Office abroad?
No, the Registered Office of a Company or LLP must be in the State where the Company in Incorporated in India.
Who must authorise the change of registered office
The change of Registered Office of the Company must be authorized by the Board of Directors at a General Meeting.
Where do we need to correct the address?
Necessary changes are required to be made in the letterheads, books, records etc. of the company. Arrange to adopt a new common seal of the company.
REGISTRATION COST
Within City Change | Starting at ₹ 3540 Address Change within City |
Inter City Change | Starting at ₹ 7000 Inter City Change within ROC |
Inter state Change | Starting at ₹ 50000 Change of ROC or State |
Documents Required For Address Change of Company
· Board Resolution to change registered office
· Latest Electricity Bill of proposed registered Office Address.
· Rent Agreement or NOC of proposed registered Office Address.
PROCESS INVOLVED
1. Documentation
The company shall furnish to the Registrar verification of its registered office within a period of thirty days of its incorporation in such manner as may be prescribed.
2. Board Meeting
Board shall convene a Board Meeting to pass a resolution in its meeting for such change.
3. Notice
At least 7 days notice shall be given to Board members before the date of meeting.
4. Board Resolution
Board meeting shall be conducted and resolution for change in registered office within local limits of City Town or Village shall be passed.
5. Form INC-22
Form INC-22 shall be filed with Registrar of Companies within 30 days of passing board resolution.
6. Approval
The registration of change of the address becomes effective from the time of approval of INC-22, Company Master Data is updated simultaneously
DIRECTORS CHANGE
What is Appointment of Director?
Any company appoints a new director in the Company with the approval of shareholders in the General Meeting of the company. Once the resolution will pass in the meeting, the company is required to intimate the ROC about the appointment of the director in Form DIR-12 within 30 days from the date of his appointment.
What is Resignation of Director?
Any director of the Company can resign from the post of the directorship of the Company by giving his resignation letter to the company. In this situation also, the company is required to intimate the ROC about his resignation in Form DIR-12 within 30 days from the date of the resolution.
What is the time limit to update the details of Director changes?
Once the director has filed his resignation or consent letter to act as a director with the company, it is the responsibility of the company to intimate the changes to MCA within 30 days of such changes in the e-form DIR-12 required by MCA with necessary attachments within 30 days from the director change.
REGISTRATION COST
Addition of Director
| Starting at ₹ 4720 Appointment of Director |
Resignation of Director | Starting at ₹ 3540 Resignation of Director |
Director Change
| Starting at ₹ 7080 Appointment of Director Resignation of Director Appointment and Resignation |
Documents Required For Directors Change
· Signed DIR-2 (Provided by us)
· Appointment Letter of Director
· MBP-1 as declaration for Interest in other Entities (provided by us)
· Notice for Appointment
· Copy of PAN and Address Proof to be submitted to board
· Digital Signature of Director Approving Appointment or Resignation
· DIN of Appointee Director (if not available same can be made available at Rs 3000 extra for DIN and DSC)
· Rs. 100000 for becoming a Director (to be refunded to director after he is regularized), only in case of public company.
· Resolution for Appointment of Director (Prepared by us)
PROCESS INVOLVED
1. Documentation
A company has to provide relevant documents
2. Apply DSC
DSC will be applied for applying DIN
3. Apply DIN
DIN is mandatory before a person is appointed as Director
4. Meeting of the Board of Directors
Conduct the meeting of board of directors or shareholders.
5. Form DIR-12
Form DIR-12 is filed along with documents
6. Approval
Once DIR-12 is Approved, Master data will be updated and directors will be displayed on MCA portal.
AUTHORIZED SHARE CAPITAL INCREASE/CHANGE
Why we need to increase the Authorized share Capital?
Company may need to increase its authorised share capital before issuing new equity shares and before increasing paid-up capital. Paid-up capital can never exceed from the company authorised capital. So if a company may want to increase in the paid up capital of the company, then first need to check the Authorized capital of the Company and also need to increase the company authorized capital accordingly.
What is the consequence of non-filing the form for Increase in Authorized capital?
According to section 117 (2) If the company fails to file the resolution or the agreement under sub-section (1) before the expiry of the period specified under Section 403 with additional fee, the company shall be punishable with fine which shall not be less than five lakh rupees but which may extend to twenty-five lakh rupees and every officer of the company who is in default, shall be punishable with fine which shall not be less than one lakh rupees but which may extend to five lakh rupees.
What is the consequence of non-filing the form for Increase in Authorized capital?
According to section 117 (2) If the company fails to file the resolution or the agreement under sub-section (1) before the expiry of the period specified under Section 403 with additional fee, the company shall be punishable with fine which shall not be less than five lakh rupees but which may extend to twenty-five lakh rupees and every officer of the company who is in default, shall be punishable with fine which shall not be less than one lakh rupees but which may extend to five lakh rupees.
REGISTRATION COST
Increase in authorized share capital | Starting at ₹ 10000 Change in Capital Form SH-7 |
Increase in Paid Up Share capital | Starting at ₹ 8260 Government Fees Included Change in Capital Form PAS 3 |
Increase in authorized & paid up capital | Starting at ₹ 17700 Change in Capital Form SH-7 Form PAS 3 |
Documents Required For Authorized Share Capital Increase
- Board Meeting for Increase in Authorized Share Capital
- Board Resolution for Increase in Authorized Share Capital
- Notice of EGM for Increase in Authorized Share Capital
- Certified True copy of Ordinary Resolution.
- Altered Memorandum of Association.
PROCESS INVOLVED
1. Calling of Board Meeting
Calling of Board Meeting Issue notice in accordance with the provisions of section 173(3) of the Companies Act, 2013, for convening a meeting of the Board of Directors.
2. Board Resolution
Resolution to get in-principal approval of Directors for Increase in authorised share Capital.
3. Calling of EGM
Holding Extra-ordinary General meeting (EGM) to get approval of shareholders, by way of Ordinary Resolution, for amendment in authorized share Capital clause of Memorandum of Association.
4. Ordinary Resolution
Pass the necessary Ordinary Resolution under section 61(1)(a) of the Companies Act, 2013, for increase in authorize share capital of the Company.
5. Form SH-7
File form SH-7 within 30 days of passing of Ordinary Resolution with the concerned Registrar of Companies, with prescribed fees and along with following attachments as desired by section 64
6. Approval
After Approval of Form by ROC, Authorized capital will be Increased
CHANGE IN MOA AND AOA
What are the main clause of the MOA?
There are six clauses of MOA i.e Name clause, situation clause, object clause, liability clause, capital clause, Association clause.
When it is to be filed?
It has to be filed with the Registrar of Companies during the process of incorporating a company. It contains the fundamental conditions under which the company is allowed to operate. it had to include the “objects clause” which let the shareholders, creditors and those dealing with the company know what is its permitted range of operation.
What is AOA?
It refers to that document of the company in which rules of internal management to achieve the objective laid down in the memorandum of association are stated and form the company’s constitution. AOA defines the responsibilities of the directors, the kind of business to be undertaken, and the means by which the shareholders exert control over the board of directors.
REGISTRATION COST
Basic | Starting at ₹ 8260 Change AOA |
Advanced | Starting at ₹ 8260 Change AOA |
Premium | Starting at ₹ 17700 Change MOA Change AOA Change Name |
Documents Required For Change in MOA and AOA
· Board Meeting for change in MOA
· Notice of EGM
· Certified True copy of Special Resolution
· Altered Memorandum of Association
PROCESS INVOLVED
1. Calling of Board Meeting
Calling of Board Meeting: Issue notice in accordance with the provisions of section 173(3) of the Companies Act, 2013, for convening a meeting of the Board of Directors. To Get in-principal approval of Directors for change in object clause of Memorandum.
2. Board Resolution
Get in-principal approval of Directors for change in object clause of Memorandum.
3. Notice of EGM
EGM notice is issued
4. Special Resolution
Extra-ordinary General meeting (EGM) on due date and pass the necessary Special Resolution under section 13(1) of the Companies Act, 2013, for change in object clause of Memorandum.
5. Form MGT 14
File form MGT.14 within 30 days of passing of Special Resolution with the concerned Registrar of Companies
6. Approval by ROC
Once form is checked, it is approved by ROC