Name Change of Company

The process for changing the name of a company may vary depending on the country and the type of entity. Here are the general steps involved in changing the name of a company:

1. Conduct a name availability search: Before changing the name of a company, it is important to ensure that the proposed name is available and complies with the naming requirements of the relevant authority. In some countries, such as India, the name availability search can be conducted online on the government's portal.

2. Pass a board resolution: The board of directors must pass a resolution approving the name change and authorizing a director or company secretary to apply for the name change.

3. File an application for name change: The application for name change must be filed with the relevant authority, along with the necessary documents, such as the board resolution, copy of the existing certificate of incorporation, and the proposed new name. In some countries, such as the US, the application for name change must be filed with the Secretary of State.

4. Obtain approval and new certificate of incorporation: Once the application for name change is approved, the company will be issued a new certificate of incorporation with the new name. The process for obtaining the new certificate may vary depending on the country and the authority.

5. Update records and notify stakeholders: After obtaining the new certificate of incorporation, the company must update its records, such as the bank accounts, licenses, and permits, with the new name. It is also important to notify stakeholders, such as customers, vendors, and employees, of the name change.

It is advisable to seek the assistance of a professional, such as a lawyer or a chartered accountant, to ensure compliance with the legal requirements and to minimize any potential disruptions during the name change process.