When you`ve decided to change the name of your Limited Liability Partnership (LLP), it`s important to create a supplementary agreement that reflects the change. This document serves as a legal proof that the company has changed its name, and it`s necessary to notify the Registrar of Companies (ROC) about the same.
Here`s what you need to know about formatting a supplementary LLP agreement for a change of name.
1. Start with the Heading
The heading of the document should clearly state that it is a “Supplementary Agreement for Change of Name of LLP.” Make sure that the heading stands out and is easily identifiable.
2. Include the Date and Place
Include the date of signing the agreement and the place where it was signed. This information is essential for record-keeping and will help with any disputes in the future.
3. Mention the Parties Involved
The agreement should clearly mention the parties involved in the transaction. This includes the old name of the LLP, the new name of the LLP, and the partners who have agreed to change the name.
4. Provide a Background
It`s important to provide a brief background on why the LLP decided to change its name. This information will help the ROC understand the reason for the change.
5. State the Terms and Conditions
The terms and conditions of the agreement should be clearly stated. This includes the effective date of the name change, the procedures for notifying the ROC and any other government authorities about the change, and any other relevant information.
6. Signatures
Once the agreement is drafted, it`s important to get all the partners to sign the document. The signatures of all parties involved in the transaction should be included, along with the name and designation of each signatory.
In conclusion, creating a supplementary LLP agreement for a change of name requires attention to detail and adherence to legal requirements. By including all the essential elements in the document, you can ensure that it serves as a legal proof of the name change and helps avoid any future disputes.