What if a company changes its name?

What if a company changes its name?

A name change is neither intends to reform or re-incorporate the company or LLP into a different entity or dissolve it. A certificate declaring the change of name does in no way affect the existence of the entity. Hence, all assets, liabilities and obligations of the company or LLP would continue after the name change.

How do I change the name of my existing company?

Procedure for Private Limited Company Name Change

1. Step 1: Board Resolution.
2. Step 2: Check Company Name Availability.
3. Step 3: Pass Special Resolution for Company Name Change.
4. Step 4: Application for approval of Company Name Change.
5. Step 5: Issuance of New Certificate of Incorporation.
6. Step 6: Make Changes to MOA and AOA.

Can I change business name SSM?

Once approval from SSM is obtained, the Board of Directors is to approve on the change of name by passing Board Resolution. A general meeting of shareholders/members (shareholders approval) shall be convened for approving change of name. Lodged Form 11 by us to SSM for application of change name.

Can you amend the name of a company and what is its impact?

The name of the company is the building block for its existence and to maintain its separate legal entity. Also change of name shall not have effect unless the approval of Central Government is taken.

Can company use old name after name change?

Section 13(3) – When the company’s name is altered u/s 13(2), the old name of the company shall be replaced by the new name in the register of companies and this shall be done by the Registrar. Apart from this, the registrar must also issue a new certificate of incorporation with the new name.

How long does a company name change take?

You can start using a new company name as soon as it has been approved by Companies House, which is usually within 48 hours of submitting the relevant form online. It can take up to one week to process if you send the form by post.

Can I change my company name Malaysia?

Talk to your company secretary about the proposed new name. Company secretary will apply new name with SSM. Once the name is approved, secretary will prepare all directors’ resolutions & EGM documents.

How do I change my business type?

If you want to change your sole proprietorship to another business type, you’ll need to register your business with your state. You will need to close out business accounts and any contracts may need to be changed. Business registrations are regulated by state business divisions.

How is the change of name to be affected if the company has to comply with the Registrar’s direction?

Any default in complying with the direction issued by the Central Government would render the company liable for punishment with fine which may extend to one thousand rupees for every day during which default continues and its officers in default shall be liable for fine which shall not be less than five thousand …

How much does it cost to change your company name?

Most states charge a filing fee to process the paperwork associated with your business name change. While the fee can vary by state, it typically costs between $20 and $150. Change your name with the Internal Revenue Service.

What happens if you change the name of a company?

As per section 23 change of name in the company shall not affect any rights or obligations of the company. Any legal proceedings, which might have commenced in the former name, shall be continued with the new name.

Do you have to pay for name change?

Free for one month and pay only if you like it. 23. Registration of change of name and effect thereof.

Do you need RBI no objection letter for name change?

As per RBI guidelines, the NBF Companies are required to collect approval of RBI for change in their names. Therefore, the ROC shall require the “No Objection Letter” from the RBI before confirming name availability.