LLP Registered Office Change
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The LLP, with its designated partners’ consent and subject to the ROC approval, may change its registered office. We help in changing the Registered office of LLP within the city, between the ROC and the state.
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Introduction
What is Limited Liability Partnership?
A Limited Liability Partnership (LLP) is a form of alternative corporate business structure that combines the advantages of a company’s limited liability with the flexibility of a partnership. Even if the partners change, the LLP can continue to exist. It has the ability to enter into contracts and own property in its own right. The LLP is a separate legal organisation with full accountability for its assets, but the partners’ liability is limited to their agreed-upon contribution to the LLP. Furthermore, no partner is liable for the autonomous or unauthorised activity of other partners; thus, individual partners are shielded from shared liability stemming from another partner’s illegal business decisions or fraud.
An agreement between the partners, or in the case of an LLP, between the partners and the LLP, governs the reciprocal rights and obligations of the partners in an LLP. On the other hand, the LLP, as a separate entity, is not excused from responsibility for its other obligations. An LLP is referred to as a “hybrid” between a corporation and a partnership since it combines elements of both a “corporate structure” and a “partnership firm structure.”
Benefits
Benefits of LLP Compliance
Better Credibility
It maintains higher credibility in market. In case if your LLP is non complaint and any interested person want to be partner or designated partner, will not continue.
Help in maintain Records
Proper filing of ROC Compliances of LLP helps you in maintaining proper records of company.
Save penalty or late Fees
Non-compliance will attract higher penalty and late fees. This leads to closer of your LLP. So avoid failure from non ROC compliance
Easy Conversion
If your LLP is non complaint and if any action took by government. In such cases you will not be able to convert it into Pvt. Ltd or otherwise.
Process
LLP Registered Office Change In Easy Steps
Key Considerations to be kept in mind while Change In LLP’s Registered Office Address
Legal Compliance
Ensure compliance with the relevant provisions of the Limited Liability Partnership Act, 2008, and the LLP Agreement while changing the registered office address.
Notice Period
LLPs must adhere to the prescribed notice period for publishing the newspaper advertisement regarding the change in address.
Intimation to Authorities
It is essential to inform various authorities, such as the Income Tax Department, banks, and other statutory bodies, about the change in the registered office address to avoid any disruptions in correspondence or legal matters.
Post Change Verification
After updating the registered office address, the LLP should verify the change on the (MCA) website to ensure that the new address is correctly reflected in the official records.
Document Checklist
Documents required to LLP Registered Office Change
Form LLP-15
This is the application for changing the registered office address of an LLP. It must be filed with the (ROC) within 15 days of the change of address.
Proof of new address
Any document that proves the new registered office address, such as the electricity bill, telephone bill, rent agreement, or property tax receipt, must be submitted.
NOC from the owner
If the registered office is owned by someone else, a (NOC) must be obtained from the owner.
Board resolution
The LLP must pass a board resolution to change the registered office address and this resolution must be attached to Form LLP-15.
Consent of partners
All partners of the LLP must provide their written consent to change the registered office address.
Updated LLP agreement
The LLP agreement must be updated to reflect the change in the registered office address.
Faq
Frequently Asked Questions (FAQ)
No, if you are changing the registered office of LLP within the jurisdiction of the same ROC, you do not need to give you any public notice.
When there is no provisions in the LLP agreement for the change in the registered office address of LLP, a meeting of all the partners shall be called, and after taking the consent of all the partners a resolution needs to be passed in the same meeting.
No, you can not change the registered office outside the country.
When you change the registered office from one state to another, it is mandatory to take the consent of the secured creditors of the LLP. But it is not mandatory if the change is made within the same state.
There could be several reasons why an LLP would need to change its registered office address, such as: The current address is no longer suitable for the business operations of the LLP. The LLP is relocating to a new city or state. The LLP wants to move to a more prestigious location. The LLP wants to consolidate its offices to reduce costs.
The process for changing the registered office address of an LLP involves the following steps: Hold a board meeting to pass a resolution approving the change of address and authorize a designated partner to file the necessary documents with the Registrar of Companies (RoC). File Form LLP-15 with the RoC within 15 days of the change of address along with the required documents such as proof of ownership or tenancy agreement of the new address, and a NOC from the landlord. The RoC will verify the documents and issue a new registration certificate with the updated address.
Yes, there is a fee for changing the registered office address of an LLP. The fee depends on the authorized capital of the LLP and the state in which it is registered. The fee ranges from Rs. 200 to Rs. 10,000.
