How to select LLP name to avoid rejection?
To incorporate a new LLP or change the name of an existing LLP, you can apply for reservation of name through the RUN-LLP service available on the MCA Portal.
For selecting the proposed names of LLP, consider the following rules:
- The name should not be obstructed in the Emblems and Names (Prevention of Improper Use) Act, 1950
- It should not be an exact translation in Hindi or English of an existing LLP
- It should not have a phonetic resemblance to the name of an existing LLP. Eg: J.K. LLP v/s Jay Kay LLP
- It must not contain:
- any words that are offensive to a specific set of people
- words like co-operative or sahakari or a similar word in a regional language
- words like national, union, central, federal, republic, president, rashtrapati etc that falsely indicates a connection with the central or state government
- the word ‘British India’
- words like bank, insurance, banking, venture capital, mutual fund etc without the approval of the regulatory authority
- words like company secretary, chartered accountant, advocate etc without obtaining approval from the concerned council
- The name must not indicate a connection with an embassy, consulate or a foreign government
- It must not include the name of a registered trademark unless the owner gives his consent
- It must not resemble the name of an LLP or Company in liquidation or the one which is struck off up to a period of 5 years
To read more about the laws and rules governing the name reservation for an LLP, refer the Instruction Kit of RUN-LLP service.