Naming an entity can feel like naming a child. You only get one shot, so you'd better get it right the first time. But that's not really true. Some kids grow up and change their names and a growing business can do the same with some strategic thought.
An entity is an artificial person which gets its separate and legal identity through its name. The name of the entity reflects its independent corporate existence. Sooner or later the time comes when a corporate identity is no longer up to scratch. There could be circumstances wherein specific entity information needs to be updated with ROC. One such requirement is change in the name of the entity in India. Name of the entity can be changed by following the procedures laid down in Companies Act, 2013.
Following are the reasons people often find themselves eligible to change the name of their companies
In regard to the Change in Name of the Entity following documents are needed:
If change of name is due to change in main activity of the company, a certificate from chartered accountant regarding turnover details from new activity should be enclosed.
Procedure for Change of name in case of Company in India:
• Filing of form INC-1 after completion of document from the client for change name of the company.
Procedure for Change of name in case of LLP in India:
The LLP may change its name by following the procedure as laid down in the LLP agreement. Where the LLP agreement does not contain any procedure, consent of all partners is required for changing the name of the LLP.
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