The Ministry of Corporate Affairs on 11th February 2022, has delegated certain power under section 17 of the Limited Liability Partnership Act, 2008 to the Regional Directors at Mumbai, Kolkata, Chennai, New Delhi, Ahmedabad, Hyderabad and Guwahati which shall come into force with effect from 1st April 2022.
The delegation is subject to revocation by the Govt., if deemed necessary in the public interest.
Section 17 of LLP Act 2008, deals with change in name of limited liability partnership in which, if the central government is satisfied that a limited liability partnership has been registered (whether through inadvertence or otherwise and whether originally or by a change of name) under a name which—
(a) is a name referred to in sub-section (2) of section 15; or
(b) is identical with or too nearly resembles the name of any other limited liability partnership or body corporate or other name as to be likely to be mistaken for it,
The Central Government may direct such limited liability partnership to change its name, and the limited liability partnership shall comply with the said direction within three months after the date of the direction or such longer period as the Central Government may allow.
Any limited liability partnership which fails to comply with the above direction shall be punishable with fine which shall not be less than ten thousand rupees but which may extend to five lakh rupees and the designated partner of such limited liability partnership shall be punishable with fine which shall not be less than ten thousand rupees but which may extend to one lakh rupees.
