Name Change of Private Firm

A name change of a private firm in Nepal is the legal process of updating a business’s trade identity. Regulated by the Department of Commerce Nepal, this procedure ensures your new brand is unique, non-infringing, and officially recorded in the government’s master database to maintain your firm’s legal standing.

₨ 10,000.00

Categories Banijya Services, Business Compliance

DISCLAIMER:Content on this website is for informational purposes only and is not legal or financial advice. Accessing this site or submitting a form does not establish a professional-client relationship. While we strive to keep our content accurate and up-to-date, Present Consultants disclaims all liability for actions taken based on this website’s contents. Please consult with our professionals directly for advice tailored to your specific situation.

Introduction: Name Change of a Private Firm

Legal Requirements: Compliance Under the Private Firm Registration Act, 2014

Under Section 4 of the Private Firm Registration Act, 2014, any change to a firm’s name must be reported to the registering authority to keep the public record accurate. To comply, the proprietor must surrender the Original Registration Certificate and provide a current Tax Clearance Certificate. Additionally, Section 54 of the Income Tax Act, 2058 requires updating your records at the Inland Revenue Department (IRD) so your PAN/VAT details match your new business name.

Failing to register a name change triggers penalties under Section 12 of the Act, including administrative fines and the potential loss of “Active” status. An unrecorded name change can lead to disqualification from government tenders and the rejection of bank loan renewals. Most importantly, any contract signed under a name that does not match the official government record may be declared legally invalid, leaving the proprietor personally liable for all risks.

Process: Name Change of a Private Firm

Name Availability Check

Verify the proposed name against Department of Commerce records to ensure it is unique and does not infringe on existing trademarks.

Application Filing

Submit a formal amendment request along with a signed proprietor’s declaration and the Original Registration Certificate.

Public Notification & Fee Payment

Settle the government amendment fees and, if mandated, publish a 15-day notice in a national daily newspaper to invite public objections.

Certificate Issuance

The authority cancels the old record and issues a New Registration Certificate reflecting the firm’s updated legal identity.

Ready to Register your Name Change?

Navigating the complexities of newspaper liaisons and IRD updates requires professional precision to ensure your rebranding is legally seamless. Present Consultants Private Limited specializes in managing every step of your trade name amendment, providing expert guidance to protect your business interests.
Contact us today to formalize your new brand and ensure your private firm remains fully compliant with the latest regulatory standards.