Name Change of LLP
What is name Change of LLP
A Limited Liability Partnership (LLP) registered in India may change its existing name with a new name with the consent of its existing partner and designated partners.
What is the reason to change LLP name?
A Limited Liability Partnership may change its name due to a business reason, personal reasons or based on the directions of the Central Government.
LLP Name Availability
Decide a LLP name and verify the LLP name availability. If the name is available, then an application for Reservation of Unique Name (RUN) can be filed with MCA with Certified copy related to the consent of Partners to make an application for a fresh name.
How to change name of LLP?
LLP can change its name by filling the following form:
After getting the name approval letter, an applicant is required to file Form 5 to intimate the registrar about the name change of LLP with Certified copy of the consent of the Partners to apply for new name and a copy of the existing and Supplementary LLP agreement.
Documents Required for Name Change of LLP
Process Involved
Step 1
Documentation
Step 2
File form LLP-1
Step 3
Name approval
Step 4
File form LLP-5
Step 5
File form LLP-3
Step 6
Approval
FAQ'S
- Do you want to change LLP Name?
- 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.
- Is there a need to execute the supplementary agreement for name change after issuance of fresh certificate of incorporation?
- Yes, you have to execute the supplementary agreement
- What e-forms, do i need to file for name change?
- A. E form llp-1 B. Eform llp-5 after name get approved by the registrar C. Eform llp-3 after issuance of fresh certificate of incorporation
- What things should kept in mind while filing for name reservation.
- Rule 18 of the Limited Liability Partnership Rules, 2009, prescribed the guidelines to be kept in mind, while deciding for the name of the LLP and following things should be avoided: a. Use of identical names with that of an existing LLP or body corporates except with the approval of such company by way of Resolution. b. Use of general names c. Use of the word ‘sahakari’ or ‘co-operative’. d. The Emblems and Names (Prevention of Improper Use) Act, 1950 prohibits certain kinds of names. Therefore, use of such names should also be avoided. e. Use of the name of national heroes such as ‘Bhagat Singh enterprises’. f. Use of meaningless or vague alphabets such as GFVCGCBDH Ltd. g. Prefixing word
- Maximum time within which supplementart agrrement is need to execute after the issuance of frest certificate of incorporation pursuant to name change.
- Within 30days from the date of issuance of fresh certificate of incorporation.
- Do I need to mention the old name of the LLP Anywhere?
- Yes. After the LLP has successfully changed its name, it has to deal in the new name, and the changed name must appear in all the official documents of the LLP. The LLP has to deal with the outsiders in the changed name. All the name plates, business cards, etc., of the LLP have to be substituted by the new name. However, the former name of the LLP by which it was known to the world before the change should appear under the changed name of the Limited Liability Partnership for a prescribed time.
