Name Change

 

​Nature of the Service

Changing the name of a Public Benefit Company.



Applicable Provisions of the Law

The Companies Law 5760-1999, Sections: 20, 15-24, 345a, 345b, 345e, 345g
 

Required Documents and Guidelines

  • Minutes of Meeting of the General Meeting regarding the Resolution to Change the Company Name
A company is entitled to change its name by means of a General Meeting resolution received by a majority of the eligible votes.
The Minuets of Meeting should be signed in the original by two members of the Board of Directors or by a sole member in the case of a sole director.
The Minutes of Meeting will state the number of shareholders who were present at the meeting and by what majority the resolution was received.
 
  •  Additional Documents (a Company that failed to submit legally required reports to the Registrar)

 

The Registrar of Trusts will not be required to answer an application for changing the name of a Public Benefit Company that has not fulfilled the reporting requirements in compliance with the Companies Law during two years preceding the application.
Accordingly, a company that has not fulfilled the reporting requirements as aforesaid will submit to the Registrar all the documents it is legally obliged to submit during the two years prior to the application, as follows:
  1.  Financial Statements.
  2.  A list of the five highest paid salaries.
  3.  Verbal reports.
  4. Minutes of Meeting from the General Meetings supporting the financial and verbal reports.
  5. Audit Committee recommendations on the matter of approving the reports by the General Meeting.
 
  • The Registrar’s Resolution
The General Meeting’s resolution to change the name of a company is subject to the Registrar’s approval. The resolution is valid from the day of registration by the Registrar.
A Company will not register a name that maybe an offence to public policy and the public sentiment.
A Company will not register a name the Registrar believes is fraudulent or deceptive.
A Company will not be registered under a name that is:
  1. The name of a corporation legally registered in Israel or a name similar to the extent it can be deceiving;
  2.  The registered trade mark of goods or services similar to those the company engages in, or a name sufficiently similar to be deceiving, unless successfully proving to the Registrar that the owner of the trade mark has given his consent in writing;
  3.  Upon receiving the Registrar’s approval to change the name of the Company, its new name will be registered in place of the old name and it will be issued a name change certificate.
  4.  The Minutes of Meeting must be signed in the original by two members of the Board of Directors or by a sole member in the case of a sole director.
 
 

Service Fees

Free of charge.



Options for receiving service

  •  Postal delivery
Israeli Corporations Authority – Registrar of Associations, 39 Yirmiyahu St., Jerusalem 9446722, P.O. Box 34071, Jerusalem 9134001
  •  Reception hours
39 Yirmiyahu St., Jerusalem - Migdalei Habira, Building 1, 10th floor.
Days: Sunday, Monday, Wednesday, Thursday; Hours: 8:30 a.m. – 12:30 p.m.
Tuesday - document submission only, in the box (located on the ground floor of the building).
 

Handling Time

Up to 10 working days, from the time documents were received at the offices of the Authority.