It’s not something to take lightly. A company name change is a delicate process that must be handled properly. However, there are some instances where making this kind of change is important – even critical – to a business. In fact, we recently made this recommendation to one of our clients.
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Name Change of Company
The name adopted by a private limited company during incorporation can be changed later. To change the name of a private limited company, the consent of the shareholders through a special resolution and MCA approval are required. The change of name of a private limited company has no impact on its legal entity or its existence as a corporate entity. The change of name of a company will not create a new company or new entity. Therefore, the change of company name shall NOT:
Affect any rights or obligations of the company
Render defective any legal proceedings by or against the company
Not affect any legal proceedings by or against the company and pending in the old name; they may continue in the old name.
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