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When particularly talking about the company, the business objectives are defined in the main object clause of MoA. These objectives define the scope of the company’s principal business activities within which it may operate. A company cannot undertake those activities, which are not prescribed in its object clause.
The directors or the shareholders may voluntarily decide to change the business name mutually for any justified reason. Names can be used to reflect the vision or any characteristic of the company. Making the name relatable and easy for the consumer can also be a reason to change the business name.
Change in the name may be required due to a change of business objective. If the name does not truly reflect the altered objective, it can be changed in line with the objective. The company must apply for a change if the Registrar has directed to do so in such a case.
Name assumes the brand value of the company and the intention to improve the brand value is often a reason to change the name. Also, industries where trends change over a period of time, an appropriate name can be chosen to be in line with the trend and create a distinct identity. Change of name can prove to be a good marketing strategy to enhance the brand value.
By use of words representing geographical region or offerings, the name defines the boundary of operations. Expansion by capturing a wide market includes demands removing boundaries assumed by the name. Further, if the name has become irrelevant to products or services offered it must be changed to target the right audience.
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2 WORKING DAYS
10 WORKING DAYS
At Our Startup India, we offer a range of packages to suit your needs. Start by selecting the appropriate one, fill out the required forms, or simply speak to our experts online for assistance.
Our Startup India will help you select a new name for the company and check its availability by filling out form INC-1 to MCA for its approval.
Once the name gets approved, Our Startup India will help you to make changes in MoA and AoA regarding the change of name in the company.
All the documents are verified by ROC and a new certificate of incorporation is issued to the company.
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