November 2023

Relationship of partners (1) Save as otherwise provided by this Act, the mutual rights and duties of the partners of a limited liability partnership, and the mutual rights and duties of a limited liability partnership and its partners, shall be governed by the limited liability partnership agreement between the partners, or between the limited liability partnership and its partners. (2) The limited liability […]

Eligibility to be partners On the incorporation of a limited liability partnership, the persons who subscribed their names to the incorporation document shall be its partners and any other person may become a partner of the limited liability partnership by and in accordance with the limited liability partnership agreement. Practice area’s of B K Goyal & Co LLP Income Tax Return

Publication of name and limited liability (1) Every limited liability partnership shall ensure that its invoices, official correspondence and publications bear the following, namely: (a) the name, address of its registered office and registration number of the limited liability partnership; and (b) a statement that it is registered with limited liability. 1[(2) If the limited liability partnership contravenes the provisions of this section,

Penalty for improper use of words limited liability partnership or LLP If any person or persons carry on business under any name or title of which the words Limited Liability Partnership or LLP or any contraction or imitation thereof is or are the last word or words, that person or each of those persons shall, unless duly incorporated as limited liability partnership, be punishable

Change of registered name Any limited liability partnership may change its name registered with the Registrar by filing with him a notice of such change in such form and manner and on payment of such fees as may be prescribed. Practice area’s of B K Goyal & Co LLP Income Tax Return Filing | Income Tax Appeal | Income Tax Notice |

Omitted Amendment 1.Omitted by the Limited Liability Partnership (Amendment) Act, 2021 dated 13th August 2021. Amendment Effective From 01 April 2022. Original content: (1) Any entity which already has a name similar to the name of a limited liability partnership which has been incorporated subsequently, may apply, in such manner as may be prescribed, to the

Change of name of limited liability partnership (1) Notwithstanding anything contained in sections 15 and 16, if through inadvertence or otherwise, a limited liability partnership, on its first registration or on its registration by a new body corporate, its registered name;”>name, is registered by a name which is identical with or too nearly resembles to— (a) that of any other limited liability partnership or

Reservation of name Applying for a Name Reservation: You can apply to the Registrar to reserve a name for your proposed limited liability partnership (LLP) Registration or to change the name of your existing LLP. The application must be in the prescribed format and accompanied by the required fee. Registrar’s Approval: Once the Registrar receives your application

Name (1) Every limited liability partnership shall have either the words limited liability partnership or the acronym LLP as the last words of its name. (2) No limited liability partnership shall be registered by a name which, in the opinion of the Central Government is (a) undesirable; or 1[(b) identical or too nearly resembles to that of any other limited liability partnership or a company or a registered