Legal Question in Banking Law in India

Re: Name chnage of a proprietory firm

if you have obtained some licences like from Municipality, shops register, sales tax authorities etc., you have to inform them of the name change. So also with your bank if you have account in firm's name.

Re: Name chnage of a proprietory firm

There is no procedure for changing the name of the proprietory firm apart from amending you registration like Shops and Establishment, PF, etc.

Re: Name chnage of a proprietory firm

It may be new firm. Therefore, you may need to complete all those formalities which you had completed initially at the time of starting the present firm.