Section 16 of LLP Act, 2008 : Section 16: Reservation Of Name

Explanation using Example

Imagine Sarah and Rahul are planning to start a business together and want to form a Limited Liability Partnership (LLP). They decide to name their LLP "Innovative Solutions LLP." Before they can register their LLP, they must ensure that the name is available and not already in use or in violation of the rules.

To secure their desired name, they submit an application to the Registrar along with the prescribed fee, requesting the reservation of "Innovative Solutions LLP" as the name for their proposed LLP. After reviewing their application, the Registrar finds that the name complies with the necessary rules and does not infringe on any existing trademarks or LLP names. Consequently, the Registrar reserves the name "Innovative Solutions LLP" for Sarah and Rahul for a period of three months, allowing them time to complete the registration process for their LLP with the chosen name.