Sometimes when you want to set up a business empire of your own you may face the tedious challenge of coming up with an LLP Company name. A Company/LLP name is indeed an important aspect of a Company/LLP’s identity. Just like it is necessary to have a unique name for yourself, the same is with that of the matter of the Company. A unique Company/LLP name helps you to identify and distinguish your products or services with the rest of the others.
There may be times when you might want to have a different name for your LLP. Perpahs maybe, you would have even a better name for your organization. Then what should you do?
Well, if a designated partner or partners of the LLP files a form regarding the change of the name of the LLP, then the Registrar looks into the matter. The required documents have to be submitted along with the fees and the pROCedure begins. This form can be used for both purposes. Firstly, if you want to set up a new name for a new LLP or if you want to change the name of the LLP firm to something new while you are already established.
How can you change the name?
The name of an LLP can be changed can be done in accordance with the provision of rule 20(1) of the LLP Act 2008. Moreover, as per the LLP Act, 2008, the change of the name may occur through the following methods:
Suo moto under Section 16
Directions from Central Government under Section 17
Directions to Registrar under Section 18
The name which has been filed for the change is reserved for a tenure of 3 months. In case, the Registrar is certain that the name which has been proposed is not complying with all the rules and regulations regarding the matter, then it is possible for the Registrar to reject the application. Then again a different name has to be thought of which follows all the regulations and you can fill a form.