Company name withdrawal Archives

Applied for the Wrong LLP Name on MCA? Here’s How to Withdraw It. Introduction Applying for a Limited Liability Partnership (LLP) name on the Ministry of Corporate Affairs (MCA) portal is a crucial step in establishing your business identity. However, mistakes can happen, leading to the accidental application of an incorrect name. Understanding the process to withdraw or correct this name is essential to ensure compliance and avoid potential legal issues. Summery LLP names approved by the Central Registration Centre (CRC) are valid for 20 days. If you’ve applied for the wrong name, it should be withdrawn before this period ends. To withdraw it, you’ll need to submit a notarized affidavit along with some basic documents. Missing the deadline can make the registration process more complicated. Getting guidance from a legal expert can help you handle the process smoothly. 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. We facilitate LLP Registration and streamline the LLP Company Name Change process for businesses. How to Withdraw an Incorrect LLP Name – Step-by-Step Guide 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. 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. 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. 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 Yes, you can. To withdraw a reserved LLP name, you need to submit a notarized affidavit along with supporting documents to the Central Registration Centre (CRC). The LLP name stays reserved for 20 days from the date CRC approves it. No, MCA does not allow any extension or renewal of the name reservation period after 20 days. You’ll need a notarized affidavit explaining the withdrawal, along with copies of the PAN and Aadhaar of the applicant, and the name approval letter from CRC. You must email the scanned documents from your registered MCA portal email ID directly to the CRC. The name reservation will expire automatically, and the name will be available for others to use. Yes, once the incorrect name is withdrawn, you can submit a fresh application for a new LLP name. It’s not mandatory, but getting advice from a legal professional can make the process easier and help you avoid mistakes. CRC will send you a confirmation email on your registered MCA email ID once your withdrawal request is accepted. You can find the latest rules and guidelines on the MCA’s official website: www.mca.gov.in.

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