If you registered your company with the Securities and Exchange Commission of Pakistan (SECP) but now want a new name, you must follow a legal process. Changing a company name with SECP requires specific steps, and this guide will explain everything in simple terms.
Why Would You Need to Change Company Name with SECP?
Sometimes, business owners realize their current name no longer fits their brand. Other times, they find a better name that attracts more customers. Whatever the reason, SECP allows you to modify your company name legally.
Check Name Availability Before Changing
First, you must ensure that your new name is unique. SECP does not allow duplicate names, so you must verify its availability. Visit the SECP eServices portal and use the name availability search tool to confirm no other company has the same name.
Prepare Required Documents for Name Change
Next, gather all necessary documents to support your request. You will need:
- A special resolution from your company’s board approving the name change.
- An updated Memorandum of Association (MOA) reflecting the new name.
- A cover letter explaining the reason for the change.
- Any additional SECP-required forms for name modification.
Hold a Board Meeting and Pass a Special Resolution
Your company directors must hold a meeting and formally approve the name change. They must pass a special resolution and record it in the meeting minutes. This resolution proves that all stakeholders agree to modify the company name with SECP.
File the Name Change Application with SECP
Once you have all documents, submit your application through the SECP eServices portal. Pay the required fee and attach all supporting files. SECP will review your request and may ask for additional details if needed.
Wait for SECP Approval
After submission, SECP examines your application. If everything is correct, they approve the name change and issue a fresh Certificate of Incorporation with the updated name. This process usually takes a few working days.
Update Your Business Records Everywhere
Once SECP approves the change, you must update your company name everywhere. Notify banks, tax authorities, suppliers, and clients about the modification. Also, update your business licenses, websites, and marketing materials to avoid confusion.
Common Mistakes to Avoid When Changing Company Name with SECP
Many business owners make errors that delay the process. Always double-check name availability before applying. Ensure all documents are correctly signed and submitted. Do not forget to update all legal and financial records after approval.
Conclusion
Changing your company name with SECP after registration is straightforward if you follow the right steps. First, check name availability, then prepare documents, hold a board meeting, file the application, and update all records after approval. By following this guide, you can smoothly modify your company name without legal issues.
Final Tip: Always consult an SECP-registered consultant if you face difficulties in the process. They can help you avoid mistakes and complete the SECP name change process faster.
Legal Assistance for Business Matters
For professional legal guidance and support in immigration matters, you may contact:
Mr. Osama Khalil
Lawyer & Legal Consultant
📞 Phone: 0316-1829946
📧 Email: contact@osamakhalillaw.com | contact@khalilassociates.org