Procedure For Changing The Name Of An LLP

Procedure For Changing The Name Of An LLP

A Limited Liability Partnership (LLP) that is enrolled in India may, in specific situations, need to change its name. The reasons can be business-related or by virtue of specific orders from the focal government (if the name of the LLP is viewed as bothersome or like an officially existing LLP, the administration can request a name change and inability to agree to the orders could pull in a punishment of up to Rs. 5 lakh for the business and up to Rs. 1 lakh for each accomplice). 

The method for the name change is administered by arrangements of Section 19 of the Limited Liability Partnership Act, 2008. In this way, it is basic for the LLP to have a proviso identifying with change in its name with due assent from the accomplices included. On the off chance that your understanding is noiseless on the statement identifying with name change, the same must be corrected quickly. 

Getting the New Name 

An application for changing the name of the LLP ought to be, in the first place, submitted to the Ministry of Corporate Affairs. The application must have no less than six name inclinations. One must guarantee that the inclinations are couple with the LLP naming rules that have been laid out in India. To begin with, it ought not be indistinguishable or like an effectively existing one. You can likewise look at the accessibility of a name on the MCA entry and afterward finish a name. 

Alongside the LLP name change application, the accomplices need to present a few records. The records are as per the following: 

1. Guaranteed duplicate of assent of all accomplices required for the name change; 

2. Duplicate of the current LLP assention; 

3. Trademark duplicate or a duplicate of the enlistment declaration; 

Other than the previously mentioned records, the LLP accomplices must present whatever other authoritative archive that it esteems fit and applicable to the circumstance. 

Other than the accommodation of records, it is prescribed that an approval be gotten for one of the accomplices at the LLP. This is to make it less demanding for the LLP to lawfully give one accomplice a chance to document the application for the adjustment in name with the Ministry of Corporate Affairs. 

After the proposed name gets endorsed, one needs to document another shape, LLP-5, pulling out of the adjustment in the name. The shape must be submitted to the enlistment center of organizations (ROC). The application must be recorded inside 30 days. 

The ROC, in the wake of mulling over the application, will support/deny the name change. 

On the off chance that the name is endorsed, the ROC will issue a testament and the new name will be powerful from the date specified in the declaration. 

Once the accomplices get the new endorsement of enrollment, a backup understanding should be laid out saying the adjustments in the LLP assention because of the name change.

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