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  • Ask Us ‘Sole proprietorship firms can directly make name change request to AMFI’

    ‘Sole proprietorship firms can directly make name change request to AMFI’

    Ask us: Ensure that you have opened a new bank account in your new company’s name before applying for name change in ARN.
    Nishant Patnaik Oct 26, 2020

    One of our readers wrote to us with this query:

    I run a sole proprietorship firm where ARN is in my company’s name and EUIN is in my name. Now, I will have to make changes to the name of the company to comply with the SEBI regulations. Please help me navigate through the procedure and list of documents required.

    The sender requested anonymity

    Dear Distributor Friend,

    Since sole proprietorship firms are mostly not registered with any organization or statutory body, they can make a request to change their entity’s name to AMFI. In case if your firm is registered with Shop and Establishment Act or Udyam/Udyog/ MSME, you will have to follow necessary procedure of the respective authority.

    AMFI has prescribed a standard application form for requesting a name change. You can download it by clicking here.

    Such an application has to be supported by your existing PAN, details of new bank account carrying the name of new company and GST registration number with the new company name (if applicable). You can submit self-attested photocopies of these documents along with the prescribed form.

    You will have to submit all these documents at CAMS point of sales through post or physically.

    Once your application goes through, you will have to mention that you are ‘AMFI registered mutual fund distributor’ along with the name of new company. Also, incorporate changes in letterheads, logo, visiting cards, stationary, rubber stamps, website, social media handles and signature line used in communication.

    Have a query or a doubt?
    Need a clarification or more information on an issue?
    Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

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    11 Comments
    Prakash · 3 years ago `
    Where is that link ?
    Darshit Shah · 3 years ago `
    We are LLP having MF Distribution & Equity su broking businesses at Ahmedabad. We have applied to AMFI for giving confirmation about accessibility of proposed names based on which we will approach MCA but AMFI is not responding only.
    aRUN · 3 years ago `
    What about those who do mutual fund business in their personal name without using any business name.
    Manish Mittal · 3 years ago `
    What about those who do mutual fund business in their personal name without using any business name.
    Vidyanand Thakurdesai · 3 years ago `
    My ARN is in my name. I want to continue as sole proprietorship firm from an individual. Does that mean I have to take PAN for Sole Proprietorship Fim, open bank account in the name of Firm? Then only I can change to firm name in my ARN?
    Manish · 3 years ago `
    Rather than they should publish a list of what keywords we can use, we cant reprint stationery again and again. Who will bear the cost of replacing the old stationery. Also they have not mentioned what goals they will achieve by this new changes.
    Ramesh Kumar Rodhia · 2 years ago `
    I AM NEW FIRM OPEN
    bhavna gupta · 2 years ago `
    i am having ARN in name of my sole prop. firm and euin in my name. i have submitted name change application to cams with pan no. on letterhead in new name and new stamp. since my commission is less than 1200000 annualy i am not gst regd. i am unable to change in bank account my firm name as they are insisting for any registration with new name. i am waiting for amfi letter of changed name. will bank accept this letter to change firm name and if not how i will be able to change firm name in bank.
    Adirya solutions · 2 years ago `
    I have a nism certificate on individual name and I have a sole proprietorship company on business name. How do I register for distribution ARN on Business name ?
    I hve a msme udyog adhar and business current account also.
    Sk Capwealth · 2 years ago `
    Sir can I apply for RIA also as I am eligible for ria requirements as per sebi
    Sanjay Dutta · 1 year ago `
    Duttcon Advisory Pvt Ltd Is Our Present Company Name,If We Remove The Advisory Then What Sentence To Be Added In Replacement Of Advisory, Please Suggest Few Sentences.
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