- Attested copy of consent letters from the rest of the partners
- Board resolution stating that the Board wants a name change
- Trademark Certificate of the name if it has been registered
- NOC if the name is already under the Trademark register
- Authorization allowing the partner to file Form 1
- Certified Copy of LLP Agreement
LLP Name Change
All you need to know
During the course of business, LLP may required to change name to depict the new activities adopted by LLP or to reflect the new brand developed in the market. In both the cases, LLP can change name subject to provision of LLP regulations and LLP Agreement.
Any LLP which is legally registered as per the Limited Liability Partnership Act, 2008 is allowed to change its name at any given time during its working after gaining approval from the appropriate authorities higher up.
Reasons for LLP name change:
- Mergers and amalgamation
- Shift in business activity
- New brand development
LLP Name Availability:
Before commencing the change name process, decide a name and verify the name availability. If the name is available, then an application for Reservation of Unique Name can be made on the MCA portal to reserve the name for a period of 3 months.
Following sections of LLP Act 2008, deals with the change of name:
Directions received from the C.G. (Central Government) (Section 17 of LLP Act, 2008)
- Section 17 of the LLP Act suggests that where the Central Government is satisfied that an LLP has been registered under a name which is identical with or too nearly resembles the name of any other LLP or body corporate or other name as to be likely to be mistaken for it, the Central Government may direct to change its name.
- In such case the LLP shall comply with the direction within 3 months after the date of the notification or such longer period as the Central Government may allow.
- Any LLP which fails to comply with a direction shall be punishable with fine which shall not be less than Rs. 10,000 but which may extend to Rs. 5 Lacs.
- Further, the designated partner of such LLP shall be punishable with fine which shall not be less than Rs. 10,000 but which may extend to Rs. 1 Lac.
Suo moto basis (Section 19 of LLP Act, 2008)
- The process related to the change in name of LLP is covered under Section 19 of the LLP Act, 2008 and the LLP agreement filed with the MCA.
- Hence, before starting the process for changing the LLP name, one should verify the LLP agreement to ensure whether or not some process related to alteration of the name is present.
- Most of the LLP agreements will not have any restriction on changing the name of an LLP.
- However, consent from all partners is mandatory to change the name of LLP.
For any reason, if you wish to change your LLP name, there’s a defined procedure to be followed. In case any of the procedure is not followed, Name Change cannot be given effect to, by ROC.
Why caagrawalkanhere as your service provider for “LLP name Change”?
caagrawalkanhere.com is an eminent business platform and a progressive concept, which helps end-to-end incorporation, compliance, advisory and management consultancy services to clients in India and abroad. Changing name of LLP is easy, seamless, cheaper and quickest with caagrawalkanhere.com! Apart from LLP name change, caagrawalkanhere.com also helps entrepreneurs with LLP registration, One Person Company Registration, Partnership Registration, HUF and Proprietorship Firm Registration easily.
You may get in touch with our compliance manager on 0755 276 1432 or email info@caagrawalkanhere.com for free query.
Effects of a change in LLP Name
- The notice of change of name shall be filed with the registrar within 30 days from the day of such change of name.
- The change of a LLP name does not affect any rights or obligations of the LLP.
- Any legal proceedings continued or commenced by or against the LLP pending in its old name will be continued in its new name.
- Changing the name does not affect the constitution and entity of the LLP and therefore the change of name does not bring into existence a new company.
- A decree obtained by a LLP in its former name can be executed by it in the new name after it has obtained a certificate for the altered name.
- The Registrar of Companies shall issue a fresh certificate of Incorporation after the change of a LLP name has been filed and approved.
- As the name of the LLP is also mentioned on the LLP agreement, Pan card, Tan Number, GST Registration, after its change, must also be altered
Documents required for changing the name of the LLP
How to Change LLP Name?
5 Easy Steps
1
Pass Resolution
2
Submit Documents
3
Verification of Documents
4
Filing of Documents
5
Company Name is Changed
Fill a Simple Checklist
Our Compliance Manager will get in touch with you to obtain your documents along with a simple checklist. You need to fill up the checklist & submit along with the documents for processing. Our expert team will verify documents & proceed with LLP name change.
Application of Name
Once we have all the documents, we will check the name availability for the name suggested by you. Once we have a name which is available, we will File Application for (reservation or change of name) for name approval. Along with all the necessary documents.
New LLP Agreement
Once the name has been approved, the LLP has to file e-Form 5 which acts as a notice, within 30 days of the new name being approved. Once the registrar is satisfied, he or she will issue a new certificate with the revised name. And finally we will draft a Supplementary Agreement.
FAQs On LLP Name Change
Get answers to all your queries
Yes, you have to execute the supplementary agreement.
LLP can change its name by filling the following forms: a. Form 1 (Application for reservation or change of name) is required to be filled for name approval. b. After the name gets approved, applicant is required to file Form 5 (Notice for change of name)
to intimate the registrar about the name change of LLP.
1. E form Fillip
2. E form llp-5 after name get approved by the registrar
3. E form llp-3 after issuance of fresh certificate of incorporation
2. E form llp-5 after name get approved by the registrar
3. E form llp-3 after issuance of fresh certificate of incorporation
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