Changes in LLP

Amendment in LLP

Changes in an LLP may be required for many reasons, like business growth, restructuring, or to meet legal requirements. Be it a structural change, a company name update, or adjusting business details, LLPs must follow the necessary legal steps to ensure they stay in line with the Ministry of Corporate Affairs (MCA). As one of the leading company name change service providers, Startup Club India makes sure that all your required changes are done smoothly and hassle-free.

Depending on the goals of a business, LLPs may go through some changes. A few of them are listed below:

• Name Change of the Company: If an LLP plans to move its direction or offer new services, it can apply for a new name. If you want to make this change, then you must get approval from the ROC and also meet the guidelines set by MCA.
• Partner changes within the LLP: If the number of partners in your LLP changes, then do not forget to revise the LLP Agreement and also report the changes to the ROC.
• Change in business activities: If an LLP shifts its business direction or adds new services, be sure to update the official records and inform the MCA as required.
• Updating the business address: If an LLP moves to a new address, be it in the same state or to a new, then the official records should be updated to show the new address.

When an LLP decides on a Legal Process Company Name Change, follow the given steps:

• The process of getting name approval: Before taking any further steps, make sure the new name is available and has been approved by the MCA.
• Approval from the partners: Before changing the name of a Private Limited Company, all the main partners need to provide their consent by approving a formal resolution.
• Filing with the ROC: To complete the name change, the LLP has to file Form LLP-5 with the ROC and include all the necessary paperwork.
• Name change approval & Certificate of Incorporation: After the name change gets approved, the ROC will give out a new Certificate of Incorporation with the company’s new name.