Board Resolution for Change of Company Name

The following board resolution format can be used for change of company name.

RESOLVED that subject to the approval of the Central Government and shareholders of the Company, the name of the Company be and is hereby changed from <Old Company Name> to <New Company Name? or some other name as maybe made available by the Registrar of Companies and agreed upon by the Board of Directors of the Company. RESOLVED FURTHER that <Name>, Director of the Company be and is hereby authorised to make necessary application for obtaining approval to the change of name accordingly to the Registrar of Companies, <State> and to do all such acts and things as may be deemed necessary in this regard. RESOLVED FURTHER that an Extraordinary General Meeting of the Company be convened on <Day> the <Date> at <Time>, at the registered office of the COmpany at <Registered Office Company> for obtaining the consent of the shareholders to the said change of name. RESOLVED FURTHER that the draft notice for convening the Extraordinary General Meeting on <Date of EGM> as placed before the Board Meeting be and is hereby approved. RESOLVED FURTHER that the said <Director>, be and is hereby authorised to sign the said notice for and on behalf of the Board of Directors of the Company. RESOLVED FURTHER that the said <Director>, be and is hereby authorised to send the notice of the meeting to all the Members of the COmpany and the persons entitled to the notice.

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Frequently Asked Questions

Common questions about Board Resolution for Company Name Change Procedure.

The purpose of this board resolution is to outline the steps and authorizations required for changing the name of a company. It serves as a formal record of the board's decision to initiate the process of changing the company's name, subject to necessary approvals.

According to the resolution, the change of company name is subject to the approval of the Central Government (likely referring to the relevant regulatory authority overseeing companies) and the shareholders of the company. The resolution outlines the process for obtaining these approvals.

The resolution authorizes a specific director of the company to take necessary actions related to the name change process. This includes making the application for approval to the Registrar of Companies, carrying out required acts and formalities, signing and sending the notice for convening the Extraordinary General Meeting (EGM) to obtain shareholder approval.

An Extraordinary General Meeting (EGM) is a special meeting of a company's shareholders that is convened to discuss and vote on important matters that cannot wait until the next Annual General Meeting (AGM). In this case, an EGM is required to obtain the consent of shareholders for the proposed change of company name.

The resolution specifies the date, time, and registered office address where the EGM will be held to obtain shareholder consent for the change of company name. It also mentions that the draft notice for convening the EGM has been approved by the Board of Directors.

The resolution authorizes the same director, who is responsible for making the application for name change approval, to sign and send the notice of the EGM to all the members (shareholders) of the company and other persons entitled to receive the notice.

This board resolution is a crucial document that formally records the decision of the company's Board of Directors to initiate the process of changing the company's name. It outlines the necessary approvals, authorizations, and steps to be taken, ensuring proper governance and compliance with applicable regulations.

Yes, according to the resolution, shareholder approval is mandatory for changing the company's name. The resolution includes provisions for convening an Extraordinary General Meeting (EGM) to obtain the consent of shareholders for the proposed name change.

No, the resolution clearly states that the change of company name is subject to the approval of the Central Government (or the relevant regulatory authority overseeing companies) in addition to shareholder approval. The company cannot proceed with the name change without obtaining this approval.

The resolution authorizes a director to make the necessary application for obtaining approval for the change of name to the Registrar of Companies of the respective state where the company is registered. The Registrar of Companies is the regulatory body that maintains company records and approves or rejects applications for name changes.