Name change

This query is : Resolved

CA.Ritu Agarwal (Querist)
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16 July 2013 What is the process/steps for change of name of an existing company.What are the forms to be filled to MCA.
How long does it takes to get the name approved from MCA.

Rajat Poddar

Rajat Poddar (Expert)
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16 July 2013 According to Sec 21 of the Indian Companies Act of 1956, a company can change the name with the approval of the Central Government. It must be made in writing and must be made through a special resolution. The steps are as follows: 1. Board meeting for deciding the agenda for change in name citing the reasons. 2. Seeking name availability for the proposed new name from the Registrar of Companies (a fee of Rs. 500/- has to be paid) 3. Approval of the members in a general meeting as per Section 21 as the name change will involve amendments to the Memorandum of Association and Articles of Association. So special resolutions are required to be passed. 4. Registration of the Special Resolution with the Registrar of Companies through Form-23 (Sec.192). 5. Filing of Form-1B with the Registrar of Companies under Section 21. All legal proceedings (if any) by or against the company can be continued with the new name in place of the old one.