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Change in Name of LLP

9 March 2020   

Limited liability partnership is a combination of both partnerships and corporations. It has the feature of both these forms. As the name suggests partners have limited liability in the company which means that personal assets of the partners are not used for paying off the debts of the company.


There can be a requirement of change in name of LLP owing to reasons like mergers and amalgamation, a shift in business activity, etc. However, the procedure will remain the same in all cases.

The below-mentioned procedure must be followed to change the name of LLP:


Step 1: Before starting the process for changing the LLP name, one should verify the LLP agreement to ensure whether or not some process related to alteration of the name is present. Most of the LLP agreements will not have any restrictions on changing the name of an LLP.


Step 2: Before commencing the change name process, the consent of all partners must be obtained and the availability of the proposed name must be checked on MCA.


Step 3: After checking for availability, Form "LLP-1" (Application for reservation or change of name) is required to be filed for obtaining name approval from MCA. Once name approval has been approved by MCA, it is reserved for applicants for a period of 90 days. If LLP is not incorporated within the time period of 90 days, the name becomes available to other applicants. Consent from all the partners must be attached in attachment while filing Form 1.


Step 4: After name approval has been obtained, the applicant is required to file Form "LLP-5" (Notice for change of name) to intimate the registrar about the name change of LLP.


Step 5: Once ROC is satisfied that change is as per the name reserved earlier, it will issue a fresh Certificate of Incorporation.


Step 6: New name will be effective from the date mentioned in the certificate and should be mentioned in all further documents and communications.


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