This article is written by Lalit Rajput. He is a Company Secretary.
Regulation 45 of SEBI (LODR) Regulations, 2015:
Change in name of the listed entity
- Conditions to be followed:
- a time period of at least one year has elapsed from the last name change;
- at least fifty percent. of the total revenue in the preceding one year period has been accounted for by the new activity suggested by the new name; or
- the amount invested in the new activity/project is atleast fifty percent. of the assets of the listed entity:
- In case listed entity has changed its activities:
if any listed entity has changed its activities which are not reflected in its name, it shall change its name in line with its activities within a period of six months from the change of activities in compliance of provisions as applicable to change of name prescribed under Companies Act, 2013.
- Post satisfaction of above conditions, the listed entity shall file an application for name availability with ROC (Registrar).
Note: The listed entity shall seek approval from Stock Exchange by submitting a certificate from chartered accountant stating compliance with above conditions.
Checklists
Documents Required to be Submitted to the Exchange
In-principle for Name Change:
|
S No. |
List of Documents/ details to be submitted |
|
1 |
Application for Change in Name to the Stock Exchange. |
|
2 |
Certified true copy of the resolution passed at the Board Meeting for Change of name of the Company. |
|
3 |
Date of last name change of the Company, if applicable. |
|
4 |
Reason for Name Change. |
|
5 |
Confirmation from Company Secretary of the Company that: 
|
|
6 |
Confirmation from the Practicing Chartered Accountants / Statutory Auditors of the Company that: a. A time period of at least one year has elapsed from the last name change; |
|
7 |
Confirmation regarding Name availability from ROC. |
|
8 |
Request for symbol change from the existing one to a new symbol, if any, decided by the Company. The new symbol should not exceed 10 characters. |
|
9 |
Applicable Fees + Applicable Tax |
Final Approval for Name Change:
|
S No. |
List of Documents/ details to be submitted |
|
1 |
Confirmation regarding Name change from ROC. |
|
2 |
Certified true copy of the notice convening the AGM/EGM of shareholders where the name change is proposed. |
|
3 |
Certified true copy of the resolution passed at the AGM/EGM for Change in name of the Company. |
|
4 |
Fresh Certificate of Incorporation consequent on Change of Name. |
|
5 |
Certified true copy of the Amended Memorandum and Articles of Association of the Company consequent on Change of Name of the Company. |
|
6 |
The procedure by which the name change has been effected in the share certificates i.e. any of the following:
|
|
7 |
A Confirmation that the old share certificates are also good for delivery. |
References
- SEBI (LODR) Regulations, 2015
- NSE updates
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