Change Company Name or Business Activity
Relabel your brand or pivot your business strategy with seamless MCA compliance. Expert assistance for Name Change & Object Clause amendments.
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Change of Name & Activity - An Overview
A company may decide to change its name or business activities (Object Clause) to reflect a new brand identity, a shift in business strategy, or an expansion into new markets. Under the Companies Act, 2013, these changes are considered fundamental alterations to the Memorandum of Association (MOA).
Change of Company Name: This involves a multi-step process including name reservation, shareholder approval via a Special Resolution, and final approval from the Registrar of Companies (ROC). A new Certificate of Incorporation is issued upon successful completion.
Change of Business Activity: This refers to amending the "Main Objects" clause of the MOA. It requires a Special Resolution and filing of Form MGT-14 with the ROC. If the company's name is closely linked to its old activity, a name change might also be necessary.
At Taxcom Technologies, we provide end-to-end support for corporate restructuring. Whether you are rebranding or pivoting your business model, our experts ensure that all legal formalities are handled with precision.
Compliance Timeline
RUN Filing
Reservation of new name through MCA portal (valid for 20 days).
Board Meeting
Passing Board Resolution to approve the change and call EGM.
EGM & Special Resolution
Shareholders approve the change with 75% majority.
MGT-14 Filing
Filing the Special Resolution with the ROC.
INC-24 Filing
Application for Central Government approval for name change.
New COI
Issuance of new Certificate of Incorporation by ROC.
Requirements for Change
To initiate the name or activity change process, the following documents and information are required:
Key Forms to be Filed:
| Form | Purpose | Timeline |
|---|---|---|
| RUN | Reservation of Unique Name | Before EGM |
| MGT-14 | Filing of Special Resolution | Within 30 days of EGM |
| INC-24 | Application for Name Change Approval | After MGT-14 Approval |
Step-by-Step Process
Step 1: Board Approval
Hold a board meeting to approve the proposed name/activity change and authorize a director to file RUN.
Step 2: Name Reservation (For Name Change)
File RUN on MCA portal. The ROC will approve the name if it is unique and compliant.
Step 3: Shareholder Approval (EGM)
Issue notice for EGM. Pass a Special Resolution with 3/4th majority to amend the MOA.
Step 4: Filing MGT-14
File the Special Resolution and amended MOA/AOA with the ROC in Form MGT-14.
Step 5: Filing INC-24 (For Name Change)
File Form INC-24 with the ROC to get the final approval and new Certificate of Incorporation.
Step 6: Post-Change Updates
Update PAN, TAN, GST, Bank Accounts, and company stationery with the new name/activity.
AI Compliance Assistant
Check your readiness for Name or Activity change
Post-Change Compliance Checklist
Once the ROC approves the change, you must update the new name/activity in all other government registrations:
PAN & TAN Update
Apply for a new PAN card and update TAN records with the Income Tax Department.
GST Amendment
Update the core fields in your GST registration within 15 days of COI issuance.
Bank Accounts
Submit the new COI and resolutions to all banks to update account names.
Stationery & Signage
Update letterheads, invoices, banners, and the company seal with the new name.
Statutory Registers
Update the Register of Members and other statutory records.
Other Licenses
Update FSSAI, MSME, Import-Export Code (IEC), and other specific licenses.
Consequences of Non-Compliance
| Violation | Penalty | Impact |
|---|---|---|
| Delay in Filing MGT-14 | ₹100 per day of delay. | Financial loss and compliance default. |
| Operating under Unapproved Name | Fine up to ₹5,000 per day. | Legal invalidity of contracts signed. |
| Activity outside MOA Objects | Ultra Vires acts (Void). | Directors personally liable for losses. |
| Failure to update Stationery | ₹1,000 per day of default. | Misleading stakeholders and authorities. |
Frequently Asked Questions
Can I change my company name to anything I want?
What is the role of Form MGT-14 in name change?
How long does it take to change the company name?
Do I need to change my PAN and TAN after a name change?
What is an Object Clause amendment?
Is Central Government approval required for name change?
Can I change the company activity without changing the name?
Why Choose Taxcom?
Seamless Rebranding
We handle the complex name reservation and approval process.
Strategic Pivot Support
Expert drafting of Object Clauses to cover your new business lines.
End-to-End Compliance
From EGM minutes to post-change PAN/TAN updates.
Professional Drafting
Precise legal drafting of resolutions and MOA amendments.
Ready to Evolve Your Business?
Get expert assistance for your company's Name Change or Activity amendment and stay compliant with MCA.