Selecting an appropriate name for the Proposed LLP is as important as selecting a name for a new born baby. The name chosen for the LLP must represent the business or activity that is intended to be carried on by it. While selecting a best-suited name, it is essential to check the proposed name under the below-mentioned criteria’s-
Before selecting a name of the LLP the applicant should check the list of the certain words that are prohibited under the Emblems and Names (Prevention of Improper use) Act, 1950 by the ministry of corporate affairs.
Words based on approval
In case the name chosen for the proposed LLP contains any of the words that are prescribed by the government regulatory authorities operating in India like Securities & Exchange Board of India, Reserve Bank of India, the applicant is required to seek the first-hand approval of the concerned authority.