Name Change (Form-5)
*The price is exclusive of any amount payable to Government/Regulatory Authorities and GST.
Service Covered :
- Filling the Form
- Preparing Documents to be uploaded along with the form
- Uploading the form
Document Required :
Along with the name application, the following documents can be attached
Certified copy related to the consent of Partners to make an application for fresh name.
Certified copy related to your the Limited Liability Partnership otherwise LLP Agreement
Trademark application otherwise registration certificate photocopy, if some
Ensure that the consent letter appended to the e-form also permit one of the partners to file it with Ministry of Corporate Affairs (MCA).
What is LLP Name Change Form 5 ?
Limited Liability Partnership Name changes can happen due to mutual consent of partners , branding , merger , change in business object etc.
Under LLP Act 2008 Central Government can give order for LLP name change.
Form 5 is available for LLP name change notice. With use of DSC of designated partner Form 5 need to be filed online.
Can an LLP change its Name Mid-way?
Any LLP which is registered under Limited Liability Partnership Act, 2008 is allowed to change its name any time during its working but after gaining approval from the appropriate authorities.
Usually, in most cases regarding LLPs, the Registrar is accepted as the required authority with the power to make changes. An LLP can choose to change its name in the following ways:
As per the LLP Act 2008, the name change of an LLP can occur through
1. Directions from Central Government (Section 17)
2. Suo moto (Section 16)
3. Directions to Registrar (Section 18)
Any Directions received from the C.G. (Central Government) (Section 17 of LLP Act, 2008) ?
As per Section 17 of LLP Act that if the central government is satisfied that an LLP has been registered under a name which is identical with any other LLP or Body Corporate then the central government may direct to change its name.
In such case the LLP shall comply with the direction within 3 Months after the date of the notification or such longer period as the Central government may allow
Any LLP which fails to comply with a direction shall be punishable with fine not less than Rs.10,000 which extend to Rs 5 Lakhs.
if designated partner of such LLP shall be punishable with fine which shall not be less than Rs.10,000 which extend to Rs.1 Lakhs.
How much Penalty will be imposed ?
The LLP must comply with the directions of the Central Government.
Failure to comply could attract a penalty of Rs.10,000 which may extend to Rs.5,00,000 for the LLP and the designated partner could be fined Rs.10,000 which may extend to Rs.100,000, in case of order to change name by Central Government.
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