It happens sometimes that the company is somehow registered with the name that they later on found is not compatible with their business or decides to change the name for any other reason.
Therefore the companies’ ordinance, 1984 describes the reasons for which a company may change its name. These reasons are mentioned below for the reference:
Furthermore in certain cases the registrar of the companies is also allowed to direct the company to change its name within 14 days of the notice.
The first step of change of name of the company is to make an application to the registar of the companies for confirmation of the new name proposed that it is available and allowed to be registered.
Once the confirmation is received from the registrar of the companies the next step is to send a notice to all members of the company, that the company intends to hold a General Meeting of its members for the change of Name. Such notice shall be send to members at least 21 days before the meeting.
On the day of the meeting the members shall pass a resolution by not less than ¾ majority that the shareholders agree to the new name of the company.
After passing the resolutions the next step is filing of the copy of special resolution along with Form-26 with the registrar and thus the process of change of name of the company is completed.
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