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Enhance Brand value with company name change
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It being an entity regulated by law, it has to follow a specific process provided by the Companies Act, 2013.
Fresh Certificate of Incorporation will be issued by RoC in new name after updating the Register of Companies.
The company name change does not impact the existence of the company, which leaves all the assets and liabilities unaffected.
Changing the name of a company can help reposition its brand, create a fresh image, and enhance market appeal.
A new name can differentiate the company from competitors, attract attention, and generate interest in the market.
A name change can support business expansion initiatives, such as entering new markets, attracting new customers, and pursuing strategic partnerships.
A well-thought-out name change can improve the perception of the company among stakeholders, investors, customers, and the public.
Companies may consider changing their name for various reasons, such as rebranding efforts, market positioning, resolving trademark conflicts, or reflecting a change in business focus or ownership.
The time required to change the name of a company can vary depending on the jurisdiction and the specific requirements. It typically involves filing the necessary documents with the relevant authorities, obtaining approvals, and updating legal and business records. The process can take several weeks to a few months.
Yes, there are legal implications and requirements for changing a company's name. It involves complying with the applicable laws, regulations, and procedures of the jurisdiction where the company is registered. This may include obtaining approvals from regulatory bodies, updating legal documents, notifying stakeholders, and updating contracts and agreements.
When a company changes its name, it may need to update its existing contracts, licenses, permits, and other legal documents to reflect the new name. This usually involves notifying the relevant parties, requesting amendments or reissuing documents with the updated name, and ensuring compliance with contractual obligations. appropriate, he may ask for the adoption of new set of Memorandum and Articles in line with
Companies Act, 2013.
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