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Change Name of LLP

Change Name of LLP

  • Overview
  • Documents Required / Details of the product
  • Process

Limited Liability Partnership is an advancement over the traditional form of partnership business where the liability of partners is limited to the extent of the contribution amount of the partner. The LLP Act, 2008 is the regulatory legislation, which prescribes the methods of incorporation of an LLP and its administration. The LLP agreement entered into by the partners is another crucial document that acts as the constitution for the LLP. After incorporation of the LLP, the designated partners are entrusted to run the LLP legally and to ensure that the LLP is always complying with the laws at all times. There is certain compliance that is required to be complied with by the LLP immediately after its Incorporation as it is a legal entity and separate from its promoters.

Changes in LLP

As the LLP is a creation of Law, the changes in it can only be done by the procedures established under law. Apart from the LLP Act, 2008, and the rules framed thereunder, the primary document which guides and prescribes the method of bringing in a particular change into LLP is its agreement. Needless to mention that the LLP agreement to be enforceable, must be executed on non-judicial stamp paper of appropriate value as per the relevant state government rates. The LLP Act further prescribes that the agreement must be registered with the ROC within 30 days of its creation or changes. Below is a discussion on some of the most common changes which an LLP may have to make.

  1. General Changes regarding the Agreement
  2. Change in the name of the LLP
  3. Change in Object of the LLP
  4. Change of registered office of LLP within the jurisdiction of ROC.
  5. Change of registered office from the jurisdiction one ROC to others.
  6. Change of registered office from one state to another state.
  7. Introduction of New Partner in LLP
  8. Resignation or Removal of a Partner of LLP
  9. Transmission of Rights of LLP in the case of Death of Partner.
  10. Sale of LLP to completely new set of person
  11. Change in the profit and loss sharing ratio of the LLP

Change in Partners of LLP

  1. Original Share Certificate of share to be transferred
  2. List of Documents for Change of LLP Name
  3. Current Certificate of Incorporation
  4. LLP Agreement in word format
  5. List of Designated Partner & Partners
  6. Proposed Name(s) in order of preference.
  7. Digital Signature of the authorised DP
  8. Letterheads (approx 10) and rubber stamp of Partner

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