The procedure of change in name and main object could proceed with the amendments in Memorandum of association.
Every LLP is formed to carry on a specific business activity with a motive to earn profit. At the time of incorporation of an LLP, partners have to provide the main object of an LLP. Such object must be mentioned in brief in the LLP agreement. An LLP cannot carry on any business activities which are not mentioned in the agreement.
If partners want to widen or change the business activity then it must be recorded in an agreement. Every change in LLP agreement must be approved by MCA.
Why business activities of an LLP require changes?
1. LLP can change its main object according to suitable business activity at any time.2. Change in business may leads to change in main objects of LLP.
3. Single main object can help in getting start-Up registration easily.
4. More than one object can be carried out by the LLP.
5. Main object can be changed according to various government tenders requirement.
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. Draft supplementary agreement.
2. Draft main objects.
3. Partner’s Meeting Resolution
4. Digital Signature of the partners
5. Original LLP agreement
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