The name of a company is regarded as the identity of a company, both public and private. The Memorandum of Association (MoA) of the company consists of the name clause of the company; hence change in name ultimately results in the alteration of the MoA. The name that is adopted at the time of incorporation of the name can be changed later on. This can be done with the approval of the shareholder and Ministry of Corporate Affairs (MCA). The approval of the shareholders is required through a special resolution plus permission from the MCA is required.
The change of name of the company shall not have any effect on the legal existence as a corporate entity, i.e., changing the name of the company will not create a new entity.
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