Changing Your Company Name? Here’s the Right Way

Changing your company’s name is a major business decision — one that requires proper legal steps under the Companies Act, 2017. Whether you’re rebranding, expanding your services, or modernizing your image, you can’t just start using a new name.

In Pakistan, all company name changes must be approved and updated through the Securities and Exchange Commission of Pakistan (SECP). This guide explains the correct process, documents, timelines, and compliance requirements for changing your company name officially.

When Should You Change Your Company Name

There are many valid reasons companies decide to update their names:

• Rebranding or repositioning the business

• Expanding into new products or markets

• Avoiding confusion with a similar company name

• Correcting spelling errors or outdated wording

• Changing ownership or structure

Whatever the reason, the change must be reflected in SECP records before you can legally use the new name on invoices, websites, or bank accounts.

Legal Basis for Changing Company Name

The process is governed under Section 13 and Section 14 of the Companies Act, 2017, which states that:

“A company may, by special resolution and with the approval of the registrar, change its name.”

This means the company’s board and shareholders must both approve the name change before it’s submitted to SECP.

Step-by-Step Process to Change Company Name

The entire process typically takes 3 to 5 working days if documents are complete and the new name meets SECP’s naming requirements.

Step 1: Reserve Your New Name

Before initiating the change, you must ensure your proposed name is available.

• Go to https://eservices.secp.gov.pk/

• Use the “Name Reservation” option

• Pay the prescribed fee (usually Rs. 200–500)

• Wait for SECP approval (typically within 1–2 days)

If the name is approved, you can proceed to file for the official change.

Important SECP Name Guidelines

SECP will reject names that:

• Are identical or similar to existing company names

• Contain prohibited words (like “Federal,” “National,” “Authority,” etc.)

• Are misleading or offensive

• Violate trademarks or government restrictions

It’s best to check the SECP Company Name Search tool before submitting.

Step 2: Board Resolution

Once the new name is approved, the company’s Board of Directors must pass a Board Resolution recommending the name change.

The resolution should state:

• The current name of the company

• The proposed new name

• Authorization for one director or company secretary to handle the filing process

Step 3: Special Resolution at EGM

After the board resolution, the company must hold an Extraordinary General Meeting (EGM) of shareholders and pass a Special Resolution to confirm the change.

This resolution is legally required under the Companies Act, 2017 and must be filed with SECP within 15 days of the meeting.

Step 4: File the Application with SECP

Once both resolutions are passed, submit your name change application via SECP e-Services.

Required Documents

• Copy of Board Resolution

• Copy of Special Resolution

• Updated Memorandum and Articles of Association (MOA & AOA) with the new name

• Copy of SECP’s initial name reservation letter

• Payment challan or online fee receipt

• Cover letter explaining the reason for the change

Applicable SECP Fee

Fees can vary based on the authorized capital and type of company.

Step 5: Receive Certificate of Incorporation on Change of Name

If SECP approves the application, you’ll receive a new Certificate of Incorporation on Change of Name.

This document legally confirms your company’s new identity and replaces the old name in SECP’s records. The registration number remains the same; only the name changes.

You must now use this updated name in all legal, banking, and tax records.

Step 6: Update Your Records and Registrations

After SECP approval, update your new company name everywhere it appears.

Failing to update records can cause discrepancies in taxation, banking, or compliance checks.

Step 7: Notify Stakeholders and Clients

Once the name change is legally approved, communicate the update to all stakeholders, including:

• Clients and suppliers

• Business partners

• Employees

• Regulatory bodies

• Vendors

A formal announcement builds trust and prevents confusion about your business identity.

Step 8: Update SECP Profile Annually

Even after changing your name, you must continue filing Form A (Annual Return) and Form 29 (Directors’ List) as usual. The change of name doesn’t affect your existing compliance obligations.

Common Mistakes to Avoid

• Using the new name before SECP approval

• Failing to update Memorandum and Articles of Association

• Not holding a valid EGM for special resolution

• Submitting incomplete or unsigned resolutions

• Forgetting to update FBR and bank records after approval

Avoiding these mistakes will ensure a smooth, error-free process.

How Long Does the Process Take?

Generally, the entire company name change process through SECP takes around 5 to 7 working days, provided all documents are accurate and complete.

How Sterling Consultancy Can Help

At Sterling Consultancy, we manage the entire company name change process for you — from drafting resolutions to securing SECP approval and updating FBR and bank records.

Our services include:

• New name reservation with SECP

• Preparation of Board and Special Resolutions

• Filing application for name change

• Updating MOA & AOA

• FBR and PSEB record updates

• Assistance with rebranding compliance

With our help, you can change your company’s name smoothly, legally, and without delays.

Final Thoughts

Changing your company name in Pakistan isn’t just a branding decision — it’s a legal process that must follow SECP guidelines to stay valid. With the correct documentation, resolutions, and filings, the procedure is simple and efficient.

Whether you’re rebranding for growth or restructuring your business, make sure the name change is properly documented and approved.