Template Description

This Partner Resolution template is crafted for Limited Liability Partnerships (LLPs) seeking to change their registered name, as stipulated by the Limited Liability Partnership Act, 2008. It is 2-page MS Word document. It is a crucial legal document for LLPs intending to undergo a name change, ensuring compliance with relevant legal provisions. The intended audience include LLP partners, legal professionals, and business stakeholders.

Understanding a Partner Resolution for the Change of Name of LLP

Terminologies:

1. 'Partners Resolution' refers to a formal decision made by the partners of an LLP, documented as per the LLP Act, 2008.
2. ‘Limited Liability Partnership (LLP)’ A corporate business vehicle that enables professional expertise and entrepreneurial initiative to combine, organize, and operate in a flexible, innovative, and efficient manner, providing benefits of limited liability while allowing its members the flexibility of organizing their internal structure as a partnership.

Procedure for Changing the Name of an LLP:

Convene a Meeting of Partners:

1. Schedule a meeting of the LLP partners.
2. Circulate notice, agenda, and any necessary documents in advance of the meeting.

Passing the Resolution:

1. During the meeting, pass the resolution to change the LLP’s name as per Section 19 of the Limited Liability Partnership Act, 2008.
2. Approve the draft of the amended LLP Agreement reflecting the new name.

Authorization:

1. Authorize one of the designated partners to sign all necessary documents and carry out required filings with the Registrar of Companies (ROC).
2. The authorized partner is also responsible for performing any acts or deeds necessary to effect the name change.

Filing and Compliance:

1. File the necessary forms with the ROC, including an application for name reservation and amendment of the LLP Agreement.
2. Ensure compliance with all applicable provisions of the LLP Act, 2008, and LLP (Incorporation) Rules, 2009.

Conclusion

Changing the name of an LLP is a significant step that requires adherence to statutory regulations. This resolution template provides a structured approach for LLPs to officially change their name, ensuring all legal procedures are followed. The template serves as a practical tool for LLPs and legal professionals to document the decision-making process and secure the necessary approvals for a seamless transition.