Why Choosing the Right LLP Name Matters

Your LLP’s name is more than just a title; it represents your brand and what your business stands for. Getting the name wrong can cause more trouble than you might expect. Here’s why:

• Legal Trouble: If your LLP name is too similar to an existing business, it can lead to legal objections or rejection by authorities.
• Customer Confusion: A misleading name might give the wrong impression about what your business does.
• Approval Delays: An incorrect name can slow down the registration process or lead to unnecessary complications with approvals.

Who Approves LLP Names and How Long Are They Valid?

LLP names are approved by the Central Registration Centre (CRC), a part of the Ministry of Corporate Affairs (MCA). Once approved, the name is reserved for 20 days. This means you must complete the LLP registration within this period. If you fail to do so, the name reservation will automatically expire. After expiry, the same name can be taken by someone else. There is no option to extend or renew the reservation. So, it’s important to act quickly once the name is approved.

What Happens if I Don’t Register the LLP Within 20 Days?

If you don’t complete your LLP registration within 20 days of name approval, the reserved name will automatically expire. Once it expires, you lose the right to use that name, and it becomes available for others to apply. Unfortunately, there’s no way to extend or renew the reservation. You’ll have to go through the name approval process all over again. That’s why it’s important to act within the given timeline to avoid delays.

How to Withdraw an Incorrect LLP Name – Step-by-Step Guide

1. Draft a Notarized Affidavit:
   Start by preparing an affidavit in the name of the person who applied for the LLP. This document should clearly mention:
   • The name that was approved and the SRN (Service Request Number)
   • A brief explanation of why you want to withdraw the name
   • A formal request to cancel the reserved name

   Make sure this affidavit is printed on the appropriate stamp paper (as per your state’s requirement) and is notarized properly.

2. Collect Required Documents:
   Along with the affidavit, you’ll need to gather:
   • A copy of PAN and Aadhaar of the person signing the affidavit
   • A copy of the name approval letter received from the CRC

   These documents help verify your identity and support your request.

3. Send the Withdrawal Request:
   Email all the documents to the Central Registration Centre (CRC) from the email ID registered on the MCA portal. Be sure to attach:
   • The notarized affidavit (scanned copy)
   • PAN and Aadhaar copies
   • The name approval letter

   Double-check that all the documents are clear and readable, as poor image quality may delay the process.

4. Wait for Confirmation:
   Once your request is received, the CRC will go through the documents. If everything checks out, they’ll cancel the reserved name and send a confirmation email to your registered email address.

Simple Tips to Avoid Mistakes While Applying for an LLP Name

• Review Everything Carefully: Take a moment to double-check all the details before submitting your name application. Small errors can lead to big delays.
• Get Expert Advice if Needed: If you’re unsure about the name or the rules, talk to a legal or business expert. It’s better to be safe than stuck.
• Know the MCA Rules: Make sure you go through the MCA’s naming guidelines. Understanding what’s allowed (and what’s not) will help you choose the right name from the start.

Why Should You Withdraw an Incorrect LLP Name?

• Avoid Legal Problems: If your LLP name is too similar to another business, it could cause legal issues or objections. Fixing the name early helps you steer clear of these problems.
• Save Time on Registration: Sticking with a wrong name can slow down your registration or even lead to rejection. Changing it quickly keeps things moving smoothly.
• Protect Your Brand: Your LLP’s name is how customers recognize you. Choosing the right name from the start helps you build a strong and clear brand identity.

Conclusion

Choosing the right LLP name is an important part of starting your business. If you accidentally apply for the wrong name, it can lead to delays and unnecessary hurdles. But don’t worry; if you know how to withdraw the incorrect name and act quickly, you can fix the mistake and move forward without much trouble. Always make sure the name you pick fits your business and follows MCA rules to keep things simple and smooth.

Suggested Read :

How to Register an LLP in India
Company Name Approval Guidelines
Documents for LLP Registration
Common LLP Registration Mistakes
MCA Business Name Rules

FAQ