How To Change A Company Name In South Africa
You must reserve your intended name change in order to accomplish the change successfully, regardless of whether you want to go through the CPIC name change procedure because of a rebranding or because the business is already using its registration number. The company must ask for a change to its Certificate of Incorporation once this reserve is granted (MOI).
CPIC Requirements For Name Change
You must always keep your registered company information current according to CIPC requirements. The CIPC may request a copy of the application for validation and examination if your reserved business name does not adhere to the Corporations Act’s requirements. When you choose LMS professional secretarial services, we collaborate with your team to make sure the name you’ve chosen complies with all applicable compliance. A firm name reservation is effective from the application date for a term of six months. The official registration of the registered company’s name must be finished within this time frame. Contact our staff if you need to modify, reserve, or define a company name. We will make the necessary changes to all pertinent CPIC papers once your selected business name has been reserved. Similar to registered company names, trade names must adhere to certain rules.
The trade name may not be the same as or confusingly similar to a name already in use for a firm, a registered trademark held by another business, a word covered by the Trademarks Act, or a phrase that erroneously suggests a connection to another corporation.
Businesses may utilize a trade name that differs from the requirement for a new first name; a $12.00 (for majors) or $6.00 (for minors) administrative charge paid in cash or money order to the relevant South African representative office.
How much does changing a name on CIPC cost?
You must reserve a name first, then, when your suggested name has been accepted, make the name change. Close corporations and cooperatives are not eligible for the service; only all business kinds are. For information on name changes for nearby firms and cooperatives, please visit the CIPC website. Changes to names are R250 each.
What occurs when a business changes its name?
A contract is still enforceable even if the company’s name changes. However, before we can talk about whether a contract is still effective after a firm changes its name, it is important for business owners to grasp contract law and the prerequisites for making agreements with third parties.
Can I alter the name of my company and keep the same EIN?
When a company’s ownership or organizational structure changes, a new EIN is typically required. Even though you do not need to get a new EIN if you change the name of your company, you might want to visit the Business Name Change page to learn what steps are necessary.
