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Change in LLP Name

The webform LLP Form No.5 aims to simplify the process of filing an application by an existing LLP for change of name to Registrar of companies (ROC) by the user.

@ 3000/-

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Required Documents

REQUIRED DOCUMENTS FOR CHANGE IN LLP NAME
  • LLP’s certificate of incorporation
  • LLP agreement
  • Proposed Name(s) in order of preference
  • Digital Signature of the authorised DP
  • The copy of the minutes of the decisions/ resolution/consent of partners.
  • The extracts of the related provision of the LLP agreement if any.
  • The central government or registrar order if any.
  • The additional optional attachment.

REGISTRATION PROCESS

PROCESS TO START LLP NAME CHANGE

01
Obtain approval of the partners for change of name
The partners need to decide in a properly convened meeting as per the LLP agreement. After the decision has arrived the same must be written and signed by the partners.
02
Name Availability Application for change of name to ROC
Name reservation in Form -1 is made to the ROC. The new name can be approved by ROC only if it is unique and not same or similar to an already existing company, LLP, Domain or a Trademark.
03
Application for Name Change of the LLP
The webform LLP Form No.5 aims to simplify the process of filing an application by an existing LLP for change of name to Registrar of companies (ROC) by the user.
04
Fresh Certificate of Incorporation
After the satisfaction of ROC, a fresh Certificate of Incorporation is issued having the new name of the company.
REQUIREMENT FOR THE CHANGE OF PARTNER
Expertise with additional capital

Normally, a partner is appointed either for need of capital or the expertise. With increase in capital, the borrowing power of the firm increases with loan opportunities. Admission of a partner not on... View More

Inability of the existing Partner

The existing partner of the LLP may not be able to contribute his full time after a certain period, whether due to retirement or other reasons. Although the exit of one partner may not affect the exis... View More

Change in terms of Partnership

It is an agreement between the partners, the terms can be changed mutually at any time. The change might impact the willingness of one or other partner. According to requirements and terms, need both,... View More

Number of DP is below the statutory limit

Every LLP requires maintaining minimum 2 Designated Partners all time. If due to the resignation of a designated partner from LLP, the total designated partners reduce below 2, the LLP must appoint a ... View More

Your Name Can’t Be Found Online

If your business relies heavily on potential customers searching online, you need to do everything you can to rank well. If someone knows your company name, and still can’t find you via Google, you ... View More

For better branding of your Company

The name should be simple and easy to pronounce. It should be sticky in nature ie. You want people to hear it once and have it stick in their minds.

OUR PRICING PLANS

Choose Your Affordable Pricing plans.

STANDARD PACKAGE

5310/-

Prof Fees 4500 + GST 810/-
(All Inclusive)
  • ADD A PARTNER WHO HAVE DSC BUT DO NOT HAVE DIN
  • GOVERNMENT FEES AS ACTUAL
choose plan

BASIC PACKAGE

3540/-

Prof Fees 3000 + GST 540/-
(All Inclusive)
  • ADD A PARTNER WHO ALREADY HAVE DIN AND DSC
  • GOVERNMENT FEES AS ACTUAL
choose plan

PREMIUM PACKAGE

5900/-

Prof Fees 5000 + GST 900/-
(All Inclusive)
  • ADD A PARTNER WHO DO NOT HAVE DIN & DSC
  • GOVERNMENT FEES AS ACTUAL
choose plan
FAQs
How to check the availability of the name?

You can check whether the name is available or not on MCA portal.

How many names can be applied?

You can apply for maximum of 2 names at a time with the ministry.

Can I use a new name after getting a name approval letter?

No, there are some other procedures and form filing after approval of the name which needs to be followed. After getting a new certificate of incorporation one can start using the new name.

Whether I will get new certificate of incorporation?

Yes, once the MCA approves the relevant forms, it issues a new certificate of incorporation.

Whether the LLP Agreement is to be updated to add or remove Partner in the LLP?

Yes, the LLP agreement must be modified with terms of addition or removal by execution of the supplementary deed. All the details including the change of capital and change in terms and profit sharing ratio will be provided in the deed.

What is difference between Designated Partner and Partner?

The essential difference between both types of partners is the accountability. Where the partner is responsible only for acts and omissions by himself, the Designated Partners are additionally responsible towards compliance and operational matters of the LLP, including penal provisions.

What should I do if my other Partner has resigned and I am the only one left now?

The LLP must appoint a new designated partner within 6 months from effective date. However, in case the LLP already has another partner, the status of such a partner can be changed to Designated Partner.

What are the requirements to be a Partner/ Designated Partner of the LLP?

There are no limitations in terms of citizenship or residency to become a Partner. Therefore, the LLP Act, 2008 allows Foreign Nationals including Foreign Companies & LLPs to become LLP in India provided at least one Designated Partner is Indian Resident. The proposed Designated Partner shall hold valid DIN and not be disqualified.

What are the pre-requisite for admission of a Partner in the LLP?

For addition of Partner in the LLP, the consent of the proposed Partner shall be accorded in the prescribed Form. Where the person is to be added as a Designated Partner, he/she must procure a Digital Signature Certificate (DSC) to obtain Director Identification Number (DIN).

Is it mandatory for Partner Designated Partner to contribute capital?

While addition, one may contribute the amount agreed by and between all the Partners including the present, in any form whether tangible or intangible. However, it is not mandatory to bring capital to the LLP.

What are the rights and liabilities of the new Partner(s) in the Limited Liability Partnership?

The rights and liabilities of the new partner(s) will be governed by the LLP Agreement and Supplement Deed of the LLP. Where there are no specific rights/liabilities are prescribed or altered in the Supplement Deed, the rights and liabilities will be same as prescribed in the original LLP Agreement.

Can I resign myself from the Limited Liability Partnership in which I am a Partner?

In order to resign from the LLP, the Partner shall intimate about the intention to resign to the LLP and remaining partner. At least 30 days’ notice is required to be served by the resigning Partner for the stated purpose.

Whether Stamp Duty is required to be paid on Supplementary Deed?

The stamp duty shall be paid according to the added capital in the LLP as per the rate prescribed by the respective state. Where there is the addition of capital while addition or removal, the Supplementary Agreement shall be executed by payment of Rs 100/- as stamp duty.

Is it necessary to alter the LLP agreement for the appointment of a partner?

Yes, if any changes made in the LLP they should be mentioned in the LLP agreement and at the time of addition of the partner his details should be mentioned in the agreement hence it is important to alter the agreement for the appointment of the partner. And the same should be approved by the ROC as well.

Whether approval from all partners is required?

For application of the change in name, the approval from the majority of the partners is required.

What is the compliance after the change in name of LLP?

Once, the new certificate of incorporation is granted, you need to apply for a change in name with all other ministries where LLP is registered such as PAN, TAN, GST, Professional tax, etc.