Directions received from the Central Government (Section 17 of LLP Act, 2008)
Suo moto basis (Section 19 of LLP Act, 2008)
Which is either same or nearly resembles the name of any other Limited Liability Partnership or body corporate or another name the Central Government may direct to change its name, and the LLP shall comply with the direction within 3 months after the date of the notification or any extended period which a Central Government may permit.
Any LLP firm which fails to comply with such direction provided by the central govt. Shall be punishable with fine which shall not be less than Rs—10,000 but which may increase up to Rs. 5 Lacs.
Further, the designated partner of such LLP will also be punished with fine, not less than Rs. 10,000, and can extend up to Rs. 1 Lac.
Section 19 of the LLP Act, 2008, defines the process related to LLP name chang and in the LLP agreement filed with the MCA.
Hence, before LLP starts the process of the name change, one should verify whether the LLP agreement consists of the clause of an alternation. As in a few cases, LLP agreement does not have a clause of alternation regarding the name change.
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