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What is the procedure for changing a firm name?

1. Mutual Consent of Partners

  • All partners must agree to the change of the firm name
  • A resolution or written consent should be recorded in firm records
  • The existing partnership deed must be reviewed for related provisions
  • If required, an amendment clause should be followed
  • Consent must be unanimous unless the deed allows a majority decision

2. Drafting a Supplementary Deed

  • A supplementary partnership deed must be created to record the new name
  • It should include the old name, new name, date of effect, and reason for change
  • All partners must sign the supplementary deed
  • It becomes an official document reflecting the name change
  • Notarization is advised for legal recognition

3. Filing with the Registrar of Firms

  • Form B (Change in Firm Name) must be submitted to the Registrar of Firms
  • A certified copy of the new partnership deed must be attached
  • Any other required supporting documents and fees must be included
  • The Registrar verifies the application and updates the records
  • Once approved, the firm name is officially changed in the Register

4. Updating Business Records and Licenses

  • The new name must be updated on bank accounts and financial records
  • Business licenses, GST registration, and tax records must reflect the new name
  • Stationery, letterheads, signage, and contracts must be revised
  • Clients, suppliers, and stakeholders should be notified of the change
  • Ensure consistency across all operational and legal documents

5. Public Notice and Legal Effect

  • A public notice may be issued in local newspapers for wider communication
  • This protects the firm from confusion or claims related to the old name
  • The name change does not affect existing contracts or obligations
  • The firm continues its operations under the new name without reformation
  • Proper communication ensures a smooth legal and business transition

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