Change in LLP Name
LLP Name is the identity of the LLP by which it is known. It manifests the Trade Name or Brand Name of the LLP. That is why it has to be Unique and it must depict the main objectives of the LLP. Name of the LLPs shall be in accordance with the LLP Name Guidelines issued by the Ministry of Corporate Affairs. LLPs are required to use the word ‘LLP’ after their name.
While running a business after the registration of LLP, it might change its name due to different reasons such as merger and amalgamation or due to change of business activity. Thus, the LLP can change its name after registration because of several reasons by adopting the procedure for change of LLP Name which remains the same for all the reasons. For changing the LLP name, the LLP has to change the name in LLP Agreement and in GST Registration also.
Apply Now For AssistanceChange in LLP Name @Rs. 2,000/-
EVENT
Change in LLP Name
Form No.
Form 5
Time -Limit
within 30 days from the date of such change
Whether to be filed before ROC or Not?
Yes
LLP and its partners shall be punishable with fine which shall not be less than Rs. 50,000 and which may extend up to Rs. 5,00,000 in addition to fine of Rs. 50 for every day after the first day until the form is filed.
Frequently Asked Questions (FAQs)
Limited Liability Partnership is governed by LLP Act, 2008. LLP Act has prescribed certain compliances which an LLP is required to fulfill otherwise it shall be liable to pay penalty for not observing these compliances.
- Post Incorporation LLP Compliances
- Mandatory Annual LLP Compliances
- Event-Based LLP Compliances
LLP Act has prescribed certain compliances which are to be fulfilled on the happening of certain events. These compliances are called as Event-Based LLP Compliances.
List of Event-Based LLP Compliances
Events |
Form |
Due-Date |
Consent of Designated Partner and Particulars of Partners |
Form 4 |
30 days from the date of such change |
Registration of Charges |
Form 8 |
30 days from the end of 6 months of the financial year |
Change in Registered Office of LLP |
Form 15 |
30 days from the date of such change |
Change in Name |
Form 5 |
30 days from the date of such change |
Change in LLP Agreement |
Form 3 |
30 days from the date of such change |
Change in Designated Partners |
Form 4 |
30 days from the date of such change |