Company Name Change
The name of a corporation or LLP will be modified by the promoters at any time when incorporation. a number of the foremost reasons for modification of name ar business model modification, modification of promoters, rebranding, etc., to vary the name of a corporation, shareholders approval is needed beside approval from the Ministry of company Affairs. The modification of name of a corporation or LLP but has no impact on the legal entity or its existence. Hence, all assets and liabilities of the entity would continue, whereas solely the name of the corporate world are modified.
Change of name needs passing of a board resolution, getting name approval from MCA, passing of a special resolution and applying for approval of recent name to the MCA. If the MCA accepts the appliance, a replacement certificate of incorporation is issued. When getting the new certificate of incorporation, changes should be created to include and alter the ratite and AOA of the corporate likewise.
Ali Tax World is that the leading business services platform in Republic of India, giving a range of services like name modification, trademark registration, GST registration, LLP registration and a lot of. Ali Tax World will assist you file for modification of company or LLP name in Republic of India. The typical time taken to complete a corporation name modification is concerning ninety operating days, subject to government interval and shopper document submission. Get a free consultation on company or LLP name modification by planning a briefing with Associate in Nursing Ali Tax World consultant.
Reasons to company Name Change
Separate Legal Entity
Private Ld. could be a legal entity and a jural person established beneath the businesses Act. Hence, a corporation incorporates a vary of legal capacities and also the members (Shareholders/Directors) of a corporation don’t have any personal liability to the creditors of a corporation for company’s debts.
Private Ld. has ‘perpetual succession’ that means uninterrupted existence till it’s lawfully dissolved. a corporation being a separate legal person, is unaffected by the death or alternative departure of any member and continues to be breathing regardless of the changes in possession.
Private restricted firms will raise equity funds in Republic of India. Firms may issue equity shares, preferred shares, debentures and settle for deposits with run permission. Banks and monetary establishments like better to offer funding to a corporation instead of partnership companies or proprietary considerations.
Ownership of a business will be simply transferred during a company by transferring shares. The linguistic communication, filing and transfer of share transfer type and share certificates is decent to transfer possession of a corporation. During a personal Ld., the consent of alternative shareholders perhaps needed to impact share transfers.
Private Ld. being a man-made person, will acquire, own, get pleasure from and alienate, property in its name. The property owned by a corporation may be machinery, building, intangible assets, land, residential property, factory, etc., No investor will build a claim upon the property of the corporate – as long because the company could be a going concern.
How we help with company name change
Ali Tax World will assist you with ever-changing name.
Free Consultation Got questions? Request a call from an Ali Tax World Business Advisor.
A Business knowledgeable can review the current and planned name of company and also the Articles of Association to grasp the background of the corporate before starting the method. The review would take one – three operating days.
Once you acquire Associate in nursing understanding of the procedures concerned in ever-changing name, our consultants can draft the mandatory Board Resolutions for the procedure.
Once the Board Resolutions ar passed, our consultants can prepare and file the mandatory documents with the Ministry of company Affairs.
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Ali Tax World is Uttar Pradesh’s largest online business services platform dedicated to helping people easily start and manage their business, at an affordable cost. Our aim is to help the entrepreneur on the legal and regulatory requirements, and be a partner throughout the business lifecycle, offering support at every stage to ensure the business remains compliant and continually growing.
Ali Tax World partners with a network of experienced Chartered Accountants, Company Secretaries, Lawyers, Cost Accountants, Chartered Engineers, Ex-Bankers and Financial Experts across India to provide a comprehensive range of services for small and medium sized enterprises.