How do I change the name and objects of a company?

What is the process of changing Company Name?

1. The existing company needs to reserve the name through ‘RUN’.
2. After the name is approved, MGT-14 (necessary resolution for alteration of Memorandum of Association and Articles of Association (MOA and AOA) needs to be filed.

Can a company change its object?

Pass a resolution at the board meeting to approve the object clause. A director or the Company Secretary of the company will be authorised in the meeting to sign, certify and file the required forms with the RoC. Also, the Board of Directors will fix a day, time and venue of Extra Ordinary General Meeting of members.

How do you change a name and object clause in a private limited company?

Procedure for change in name and object clause of Private Limited Company

1. Step 1 -Pass Special Resolution for Company Name Change.
2. Step 2 -Application for approval of Company Name Change.
3. Step 3 -Issuance of New Certificate of Incorporation.
4. Step 4 -Make Changes to MOA and AOA.

Can a company have multiple main objects?

Yes, a company can register for multiple businesses, but it depends on whether the activities are related or not. The company can carry more than one activity with the consent of the members. However, all the activities which are listed should pertain to the main business of the company.

Can we change company name?

As per Section 13 of the Companies Act 2013, a company may change its name by passing a special resolution in general meeting and receiving approval from the Central Government.

How much does it cost to change the company name in India?

The government fee for filing the RUN application is Rs. 1000/-. The ROC approves the new name if it is unique and not the same or similar to an already existing company, LLP, Domain or Trademark.

What is object clause of a company?

An objects clause is a provision in a company’s constitution stating the purpose and range of activities for which the company is carried on. A clause is only relevant in an action against a director for breach of duty under section 171 for failure to observe the limits of their constitutional power.

What is the requirements of alterations of the object clause?

Form MGT-14 Section 117 of the Companies Act, 2013 prescribes a list of Resolutions for which MGT-14 is required to be filed to the ROC within 30 days of passing such resolution. a. All special resolutions. b.

Can we change the name of a company?

Changing company names amounts to a significant alteration since Memorandum of Association and Articles of Association need to be altered. As per Section 13 of the Companies Act 2013, a company may change its name by passing a special resolution in general meeting and receiving approval from the Central Government.

Can object clause be altered?

A Company in order to expand after incorporation of a Company may change the object clause. A Company can alter its object clause either by way of addition, deletion, substitution, modification or in any other way, only if it wants.

How many main objects a company can have?

(c) Objects Clause: Objects of the company for which the company is proposed to be incorporated and any matter considered necessary in furtherance thereof. There cannot be ‘other objects’ clause under this Act, as it was in the earlier Act. However, a company may have more than one object as its main objects.

What is the procedure to change the name of company?

The procedure to change the name of the company by the reason of change in activities or otherwise is noted below in detail. The consent of the Board of Directors shall be accorded for the proposed change in name of the company.

What is change in name Clause of the company?

Change in Name clause of the Company involves alteration of Memorandum of Association (hereinafter referred to as “Memorandum”) of the Company. Section 13 of Companies Act 2013 regulates the process of amendment in Memorandum of Association is applicable to all companies.

What are the reasons to change the business name?

Names can be used to reflect the vision or any characteristic of the company. To make the name relatable and easy for the consumer can also be a reason to change business name. Change in the name may be required due to change of business objective.

How to change object clause of moa of a company?

Ever clause on the MOA can be altered (with the exception of capital clause which requires an ordinary resolution to be passed) by passing a special resolution as mentioned in section 13. We cover the basic process to change the object clause of MOA of a company as per Companies Act 2013.