Change Company Name

Changing a company name with ASIC (Australian Securities and Investments Commission) involves a specific process that needs to be followed to update the official records and ensure compliance. Here’s a general overview of the steps to change a company name with ASIC in Australia:

Choose a New Name: Select a new company name that is not already in use and adheres to ASIC’s guidelines for company names. The new name should also be available as a domain name if you have an online presence.

Check Availability: Before proceeding, check the availability of the new name using ASIC’s online search tool. This will help you confirm that the name is not already registered by another company.

Pass a Resolution: The company’s directors or members (depending on the company structure) need to pass a resolution to change the company name. This resolution should be recorded in the company’s minutes.

Check Constitution: Review the company’s constitution (if applicable) to ensure that it doesn’t contain any restrictions or additional requirements for changing the company name.

Lodge Form 205: Complete and lodge ASIC Form 205 – Notification of resolution to change company name. This form can be submitted online via the ASIC Connect portal or by mail. The form requires information such as the new name, the date of the resolution, and the type of resolution passed.

Pay the Fee: There is a fee associated with changing the company name. The fee amount can vary, so it’s best to check the current fee schedule on the ASIC website.

Update Other Records: After ASIC approves the name change, update all company documents, stationery, marketing materials, and online platforms to reflect the new name. This includes updating your company’s website, business cards, letterheads, and any contractual agreements.

Inform Business Partners: Notify business partners, suppliers, customers, and other relevant stakeholders about the company name change to ensure a smooth transition.

Change Bank Accounts and Legal Agreements: Update bank account information, legal agreements, leases, and any other contracts to reflect the new company name.

Update ASIC Records: Once the new name has been adopted, update your company’s details on the ASIC Register. This typically involves lodging Form 205A – Application for reservation or change of company name. This step ensures that your company’s official records with ASIC reflect the new name.

Obtain New ASIC Certificate: Once the name change is approved, you will receive a new ASIC Certificate of Registration with the updated company name.

Notify Regulatory Authorities: If your company operates in a regulated industry, inform the relevant regulatory authorities about the name change to ensure compliance with industry-specific regulations.

Remember that the process and requirements can change, so it’s important to consult the latest information on the ASIC website or seek professional advice to ensure that you are following the correct procedures and meeting all legal requirements for changing your company name.