© Taxmann Price : ` 995
Law stated in this book is as amended upto 20th May, 2025
Published by :
Taxmann Publications (P.) Ltd.
Sales & Marketing :
59/32, New Rohtak Road, New Delhi-110 005 India
Phone : +91-11-45562222
Website : www.taxmann.com
E-mail : sales@taxmann.com
Regd. Office :
21/35, West Punjabi Bagh, New Delhi-110 026 India
Printed at :
Tan Prints (India) Pvt. Ltd.
44 Km. Mile Stone, National Highway, Rohtak Road Village Rohad, Distt. Jhajjar (Haryana) India
E-mail : sales@tanprints.com
Disclaimer
Every effort has been made to avoid errors or omissions in this publication. In spite of this, errors may creep in. Any mistake, error or discrepancy noted may be brought to our notice which shall be taken care of in the next edition. It is notified that neither the publisher nor the author or seller will be responsible for any damage or loss of action to any one, of any kind, in any manner, therefrom. It is suggested that to avoid any doubt the reader should cross-check all the facts, law and contents of the publication with original Government publication or notifications.
No part of this book may be reproduced or copied in any form or by any means [graphic, electronic or mechanical, including photocopying, recording, taping, or information retrieval systems] or reproduced on any disc, tape, perforated media or other information storage device, etc., without the written permission of the publishers. Breach of this condition is liable for legal action.
For binding mistake, misprints or for missing pages, etc., the publisher’s liability is limited to replacement within seven days of purchase by similar edition. All expenses in this connection are to be borne by the purchaser. All disputes are subject to Delhi jurisdiction only.
AGREEMENT
ACCOUNTS, AUDIT AND ANNUAL RETURNS OF LLP
ROUTINE MANAGEMENT OF LLP
ADMINISTRATIVE CONTROL OVER LLP
COMPROMISE AND ARRANGEMENT
WINDING UP AND STRIKE OFF DEFUNCT LLP
INVESTIGATION OF AFFAIRS OF LLP
OFFENCES, PUNISHMENTS AND PENALTIES
INCORPORATION OF LLP
2.1 INTRODUCTION
2.1-1 Incorporation document
2.1-2 Contents of incorporation document
2.1-3 Punishment for false statement while incorporating LLP
2.1-4 Procedure for Incorporation of LLP at a glance
2.2 NAME OF LLP
2.2-1 Reservation of name of LLP
Para 2.2
Procedure prescribed for reservation of name
Name reserved for three months
2.2-2 Criteria for approval of name -
Approval of concerned regulatory authority proviso xvi
2.2-2A Reservation of name
However, if NOC is received from LLP or company, name can be reserved.
xi the proposed name is identical with or too nearly resembles the name of any other limited liability partnership or a company [amended w.e.f. 1-4-2022]
xii xiii xiv
2.2-3 Criteria for approval of name of a LLP
Para 2.2
Name Should not be similar to other names -
Name Should not be undesirable
Offensive names
No violation of Emblems Act -
Misleading name not permissible-
Abbreviated names only for established company
Names starting with small letters
Stand alone genetic name not permitted
Words like bank, trust, investment etc.
Names including word ‘insurance’
Name of mutual fund
Change of name reflecting software business
2.2-4 Obtaining consent of other companies in group for using group name in name of a LLP
Kilburn Electricals Ltd. Regional Director i.e.
Kirloskar Diesel Recan Ltd. Kirloskar Proprietary Ltd.
Essel Packaging Ltd. Essel Tea Exports -
Hira Lal & Sons (Export) P Ltd. UOI
2.2-5 Free name search facility
2.2-6 Filling Form RUN-LLP - Application for reservation of name of LLP
Sr. No. of form 1
i a i b
Guideline for filling the column
Para 2.2
Sr. No. of form 1
b k
Guideline for filling the column
Copy of resolution is required to be attached
2.2-7 Enclosures to form RUN-LLP
Following should be enclosed
2.3 CHANGE OF NAME
2.3-1 Application for change of name by LLP/body corporate if other LLP constituted with similar name