Following are some common reasons to change Pvt Ltd Company Name:
- Change in Business Activity: A Company board may change Pvt Ltd Company Name when it changes its business activities. It may change the Private Limited Company Name to show the new or additional business objects. In such cases, the Company should also change its Memorandum of Articles to change its main object.
- For Marketing: A Company can change its name for marketing purposes and it may also change the Pvt Ltd Company Name as per the latest trends for better brand positioning. When a Company is ready to move into a new market, it may alter its name to reposition its brand.
- Voluntary Change: The Company’s Board may change Pvt Ltd Company Name voluntarily and it is legal to change the Pvt Ltd Company Name voluntarily subject to the fulfilment of all the conditions.
- Avoid IPR Issues: A Company in India may change its name to reinforce its Trademark or Copyright in its name and similarly, the Company can change its name to avoid a possible IPR conflict.
- Ownership Change: Generally, when the Company’s ownership changes or entity takes over the Company, it is seen that the Pvt Ltd Company Name also alters to show the authority of the new management & for branding purposes.