Name correction on Pan card of Listed company

This query is : Resolved

UR Sugars (Querist)
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02 March 2023 Hi!
Recently we have bought listed company and now we have renamed the company name.. and even received certificate of incorporation.
now for listed co how to make change in pan card name?

pls reply waiting for good amount of results.
or what's app on 9739684260

Asha Kanta Sharma online

Asha Kanta Sharma

(Expert)
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09 July 2024 Changing the name of a listed company and updating the PAN card details involves specific procedures and compliance requirements. Here’s how you can proceed:

1. **Board Resolution and Shareholder Approval:**
- Firstly, ensure that the change of name has been approved by the Board of Directors and shareholders of the company. This approval is crucial and needs to be documented in the form of Board Resolutions and Shareholder Resolutions.

2. **Update with Stock Exchanges:**
- As a listed company, you must inform the stock exchanges where your company is listed about the change in name. This is typically done by submitting a formal intimation along with necessary documents as per the listing agreement.

3. **Amendments in Memorandum and Articles of Association:**
- Update the Memorandum and Articles of Association of the company to reflect the new name. This requires filing necessary forms with the Registrar of Companies (RoC).

4. **Apply for Updated PAN Card:**
- Once the name change is approved and reflected in the Memorandum and Articles of Association, you can apply for an updated PAN card with the Income Tax Department. Here’s how you can do it:
- **Form 49B:** Fill out Form 49B (Application for Allotment of Permanent Account Number) with the updated company details.
- **Documents Required:** Submit documents such as Certificate of Incorporation with the new name, Board Resolution for name change, updated Memorandum and Articles of Association, and other required documents.
- **Submission:** Submit the completed Form 49B and documents to the UTIITSL or NSDL Tax Information Network (TIN) facilitation centers or apply online through their respective portals.

5. **Follow-up and Verification:**
- After submission, the Income Tax Department will verify the application and documents. Once verified, they will issue an updated PAN card with the new company name.

**Update Other Registrations and Compliance:**
- Ensure to update the new company name in all other relevant registrations, licenses, bank accounts, GST registration, etc., as applicable.

**Professional Assistance:**
- It’s advisable to seek professional assistance from a Chartered Accountant or Company Secretary who can guide you through the process and ensure compliance with all regulatory requirements.

Changing the name of a listed company involves legal and procedural steps to ensure compliance with regulations. Timely and accurate submission of documents and adherence to regulatory guidelines will facilitate a smooth transition and update of PAN card details.