Rules to select LLP Name to avoid rejection on MCA

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.

Rules to select proposed name of LLP

  1. The name should not be obstructed in the Emblems and Names (Prevention of Improper Use) Act, 1950
  2. It should not be an exact translation in Hindi or English of an existing LLP
  3. It should not have a phonetic resemblance to the name of an existing LLP. Eg:  J.K. LLP v/s Jay Kay LLP
  4. 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
  5. The name must not indicate a connection with an embassy, consulate or a foreign government
  6. It must not include the name of a registered trademark unless the owner gives the consent
  7. It must not resemble to the name of an LLP or Company in liquidation or the one which is struck off up to a period of 5 years
Limited Liability Partnership (LLP) Registration
Need the help of an expert to select the LLP Name? We can help you out!
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Limited Liability Partnership (LLP) Registration
Need the help of an expert to select the LLP Name? We can help you out!
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To read more about the laws and rules governing the name reservation for an LLP, refer to the Instruction Kit of MCA

FAQs

Why does an LLP name gets rejected?

As per Companies Act, 2013 the name of a company cannot be identical to the name of an existing  LLP or trademark. Hence, if the name is similar or identical to an existing company, the name application will be rejected.

How much time does it take for LLP name approval?

To approve your Limited Liability Partnership name with ROC can generally take about 3–5 days once you upload the form & payment of fees has been cleared.

Can a LLP be converted into company?

Indeed. It is possible to convert an LLP into a Pvt. Ltd. company as per the provisions contained in Section 366 of the Companies Act, 2013 and Company (Authorised to Register) Rules, 2014

Got Questions? Ask Away!

  1. Hello @Shelly_Trivedi

    In order to register an LLP on Ministry of Corporate Affairs, the first step is to reserve a name for the proposed LLP. In order to reserve name, RUN-LLP needs to be filled out on MCA along with 2 proposed names of the LLP and NoC, if any required by paying a fee of Rs. 200/-

    Once the name has been approved by MCA, the name is valid for a period of 3 months within which e-Form FiLLiP needs to be filed along with documents as may be required, for incorporating the LLP. The fees of filing e-Form FiLLiP depends on the contribution of the LLP.

    Hope this helps!

  2. Hey @AM_POWER

    As per the Limited Liability Partnership Act, 2008, Financial Year is defined as under:

    " financial year, in relation to a limited liability partnerships, means the period from the 1st day of April of a year to the 31st day of March of the following year:

    Provided that in the case of a limited liability partnership incorporated after the 30th day of September of a year, the financial year may end on the 31st day of March of the year next following that year;"

    Hence, an LLP incorporated in February, 2019 can opt for closing its books of accounts in March, 2021. Thus you don’t need to make the compliances for FY 2019-20, as the first financial year will be from February 2019, to March, 2021.

    Hope this helps!

  3. Hey @AM_POWER

    There was a typo in the previous post regarding the financial year.

    However, you wont be able to take the benefit of Financial Year in your case so what you can do is raise a complaint on MCA and explain that Form-3 wasnt approved. Or you can contact your local ROC for this.

    Hope this helps!

  4. Hey @AM_POWER

    For Form-8 (Section 34) and Form-11 (Section 35) of the LLP Act, 2008, specifies that if any LLP fails to file its annual return before the expiry of the periods specified, such LLP and the Designated Partners shall be liable to pay a penalty of Rs. 100/- per day, subject to maximum Rs. 100,000/-

    The above provisions are subject to any extensions that may have been provided by MCA for that financial year.

    You can check out the LLP Act, 2008 here.

    Hope this helps!

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