• Selecting the New Name of the Company- The company's new suggested name is the main issue to be decided. As required by the MCA and the Companies Act, one must take into account a number of variables while choosing a new name, such as trademarks and name availability. On the MCA website, you may verify which name is available.
• Board Meeting- After deciding on a name, the Board of Directors must decide on the proposed new name for change and the justification for the name change, which must be submitted with the name change application to the Registrar of Companies. The Board of Directors must adopt a specific resolution for the name change of the business and for making amendments to the memorandum and articles of association after deciding on the name and the rationale for the change.
• Submit an application to the Registrar of Companies for availability of name change- Additionally, a name change application must be submitted to the Registrar of Companies in e-form INC-1 together with the relevant costs in accordance with The Companies Act, 2013, as mandated requirements. The Company is required to offer six other names, from which the ROC may choose any name. If ROC is unsatisfied, ROC may request a fresh set of names be submitted, along with a statement from ROC explaining why the original names were rejected. The newly authorized name is usable for 60 days following the approval date. It should be noted that the ROC's approval of the name availability only, not the name change, is covered by this statement.
• Modify the MOA and AOA- Within 30 days of the passage of a general meeting, the company must file the electronic forms MGT-14 and INC-24 with the Registrar of Companies after receiving its new incorporation certificate. Additionally, to take measures to update any copies of the Memorandum of Association, Articles of Association, and Certificate of incorporation issued by the Registrar of Companies to reflect the new business name.
• Issuance of New Certificate of incorporation- The Registrar of Companies may issue a new certificate of incorporation after approving the application for a business name change. It is important to note that the Registrar of Companies' issue of the new incorporation certificate signifies the completion and effectiveness of the business name change.