The MCA, by way of its notification dated 11 February 2022 has published the Limited Liability Partnership (Amendment Rules), 2022 (“Amendment Rules”). The Amendment Rules amended the Limited Liability Partnership Rules, 2009 (“LLP Rules”) and inserted certain new rules concerning the LLP). The Amendment Rules will be effective from 01 April 2022. Following are the key changes introduced by the Amendment Rules:
(i) The National Company Law Appellate Tribunal Rules, 2016 shall be applicable for filing an appeal under the provisions of the Liability Partnership Act, 2008.
(ii) Further, Rule 19 has been amended to provide that an LLP, a company or a proprietor of a registered trade mark under the Trade Marks Act, 1999, can apply to the Regional Director to give directions to a subsequently incorporated LLP or new LLP to change its name.
(iii) The Amendment Rules also introduced certain new rules such as: (i) Rule 19A (allotment of new name to existing LLP) which provides that in case an LLP fails to change its name or new name in accordance with the directions issued under section 17(1) of the LLP Act within 3 (three) months from the date of such direction, the letter ‘ORDNC’ i.e., ‘Order of Regional Director not complied’, the year of the passing of the direction, the serial number and the existing LLPIN of the LLP shall become the new name of the LLP without any further act or deed by the LLP, and the Registrar shall accordingly make entry of the new name in the register of LLP and issue a fresh certificate of incorporation in form no. 16A..
(iv) The Amendment Rules also added 2 (two) new forms, i.e., Form 16A and Form 33 LLP – ADJ, and revised fee norms for LLPs.
Please click here to read the Amendment Rules.