The name of a company is a very important thing because without a name no business can be registered. The name is the face of business, the consumer knows any company by its name. It is very important to reserve and secure the name so that no one can misuse the name of the company or any other person cannot use the name. For the protection of the name, a Trademark registration application needs to be filed. For any company registration first the name approval should be taken from the registrar, once the approval is given by the Ministry of Corporate Affairs the further process will be started.
The company can change its name at any time with the consent of the shareholders of the company. The LLP can also change the name by filing a name changing request to the registrar. The memorandum of association also gets changed after the name change of the company, the old name will get replaced with a new name. A new name shall be applied to the registrar for its reservation, the name should be unique and no prohibited word used in the name for the reservation. Once the name is approved a form MGT-14 and INC-24 shall be filed by the company for name changing approval. The procedure for the name change is laid down in section-13 of the companies act, 2013.