Things to Consider After Changing Your Company Name in Sri Lanka

Changing your company’s name is a significant decision that requires careful planning and execution. Whether you’re rebranding, updating your image, or simply seeking a fresh start, here are essential steps to take after changing your company name:

How to Change Your Company Name

Choose a New Name: Brainstorm and select a name that reflects your updated vision.
Pass a Special Resolution: Obtain approval from your board of directors through a special resolution.
Lodge the Notice: Submit the necessary forms to the ROC, notifying them of the name change.

Also Read: How to Change the Company Name in Sri Lanka

1. Compliance with Companies Act and Registrar General’s Guidelines

Ensure compliance with the Companies Act of Sri Lanka and follow the guidelines set by the Registrar General of Companies. Key steps include:

• • Public Notice: Publish advertisements in three languages in three daily newspapers and in the Government Gazette. The notice should meet the legal requirements outlined in the Companies Act.

2. Inform Stakeholders

Notify all relevant stakeholders about the name change. This includes:

• • Employees: Inform your employees promptly and provide them with updated company information.

• • Clients and Suppliers: Reach out to clients, suppliers, and business partners to update them on the new name.

• • Banking and Financial Institutes: Update your banking details and ensure a smooth transition.

Remember to update company documents, including contracts, agreements, and marketing materials, to reflect the new name.

3. Update Other Government Authorities

Besides the Registrar General’s office, inform other government authorities about the name change. Some key entities to notify include:

• • Department of Inland Revenue: Update your tax records and related documents.

• • Sri Lanka Customs: Ensure seamless operations by updating your customs-related information.

• • Other Relevant Authorities: Depending on your industry, notify bodies such as the Tourism Development Authority, Export Development Board, and any other applicable agencies.

4. Refresh Your Online Presence and Marketing Materials

A consistent online presence is crucial for your company’s success. Here’s what to do:

• • Website and Social Media Profiles: Update your company website and social media profiles with the new name. Ensure that visitors can easily find your updated information.

• • Online Directories: Update listings in online directories, business listings, and industry-specific platforms.

• • Marketing Collateral: Revise business cards, brochures, signage, and advertisements to reflect the new name.

5. Monitor and Protect the New Name

After the name change, actively monitor the market to prevent unauthorized use of your new name. Consider these steps:

• • Trademark Registration: Protect your brand by registering the new name as a trademark. This legal step prevents others from using it without permission.

• • Market Surveillance: Keep an eye out for potential infringements or misuse of your company’s name.

Remember that attention to detail and timely execution are essential during this transition. By following these steps, you’ll ensure a smooth and successful company name change in Sri Lanka.