Hi,
My client has a registered Pvt Ltd. company. He wants to start a new business. What will be more economical, changing the name of current company and use it for new business or incorporate a new company itself. Scope of business are totally different for both companies.The client is the owner and director of the company.
Regards,
yes from from groceries retail to Manpower supplier firm. objects can be changed
object and name change of the Company is easier than incorporating a new company.
1) Timelines:- New company can be incorporated in one or two day but the documention for incorportion takes time whereas in name and object chnage, it generally takes a month.
2). Cost: Incorporation is little more expensive.
From economical point of view better to change the name and amend the MOA & AOA according to the nature of new business.
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