The board needs to authorize a change in the name of the private limited company and authorize a director or company secretary to apply for the same to the MCA.
The application sent by the director or company secretary (or any authorized person) will be filed with the MCA. The procedure is similar to the application submitted during company incorporation and the new name should be in adherence to the naming guidelines given in the Companies Act, 2013.
If the name is approved, the company must hold an extraordinary general meeting to pass a special resolution for the change of company in the name and the same changes in the MoA and AoA.
Approval of Company Name Change
Once the special resolution is passed, you will need to file this with the Registrar of Companies. A requisite form i.e. MGT - 14, along with the requisite fee for the name change, as given by MCA, needs to be submitted to get the final approval. This is the crucial stage, and once you are through this, the next procedures are simple.
New Certificate of Incorporation
If the Registrar is satisfied with the application, it will issue a new certificate of incorporation. This certificate is a clear indication that the name of the company has been changed, and all the documents and any communication will be effective with the use of the changed name after they are incorporated in MoA and AoA. Also, eForm INC – 24 (Application for approval of the central government for a change of name) needs to be filed to give effect to change in name.