4 Key Essentials to Changing your Company Name

Posted by Van Geraghty on Friday, 25 April 2014

Company Secretarial Services | Corporate Governance | Compliance

Tel: +353 (0) 505 34101 Email: vgeraghty@komsec.ie

 

4 Key Essentials to Changing your Company Name

1. How to change your Company Name?

• Directors to approve name change

• Shareholder(s) to approve name change

• File statutory Form G1Q in Companies Registration Office

• Assuming name approved the Registrar will issue a Change of Name Certificate

2. Can I choose any name I like?

No, there are guidelines, e.g. a name will not be permitted if it is:

• exactly the same as, or, too like another name on the register

• offensive

• suggests state sponsorship

3. Guidelines for choosing a name

• The following are not considered sufficiently distinctive: service, company, corporation, place names.

• Avoid phonetically similar names

• The use of numbers to distinguish between companies with identical names is forbidden, as is the word “standard”

• Use additional words for distinction

Certain words may need pre-approval from other sources, e.g. the use of the word “bank” must be approved by the Central Bank.

4. Finally, a word of caution

Your chosen name could be rejected, so hold off ordering new headed paper until you have received the Certificate of Change of Company name!

In my next blog, I’ll give you a useful checklist to refer to after your name has been changed.

If you’ve any questions, please ask by using the comment box below.

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