LLP registration is the new way to register a firm, different from the traditional way of registering any entity. By registering an entity in the form of LLP, investors receive various benefits like the flexibility to run a business. LLP may wish to change its name due to personal reason or upon an order from central government. When central govt. finds that the name of LLP too closely resembles an existing LLP, or the name is undesirable, can direct LLP name change.
There can be different reasons to change LLP’s name like a company is into the process of merger and amalgamation, or the company is changing its business activity. However, the reason for changing the name of LLP can be different, but the process remains the same. Limited Liability Partnership Act, 2008 have laid down the process of the name change.
After the LLP name change process, it’s vital to alter the LLP name from the LLP Agreement, PAN Card, TAN Number, and GST Registration. The process of name change involves deciding the new name and shall verify the name availability. Further, if the name is available, then LLP can make an application for Reservation of unique name on the MCA Portal. The name can be reserved for 3 months.
1. Change in business activity requires change in main object of company.
2. Various objects can be simultaneously carried by the company
3. Rebranding of the company needs change in the name of the company.
4. Change in name and object is a easy process, sometimes it requires to meet tenders.
1. Suggested two names for approval.
2. Partner’s resolution for application for name approval.
3. Form-5 for change in name has to be filed.
4. Form-3 with supplementary deed has to be filed for change in name.
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