1. Mutual Consent of Partners
- All partners must agree to the change of the firm name
- A resolution or written consent should be recorded in firm records
- The existing partnership deed must be reviewed for related provisions
- If required, an amendment clause should be followed
- Consent must be unanimous unless the deed allows a majority decision
2. Drafting a Supplementary Deed
- A supplementary partnership deed must be created to record the new name
- It should include the old name, new name, date of effect, and reason for change
- All partners must sign the supplementary deed
- It becomes an official document reflecting the name change
- Notarization is advised for legal recognition
3. Filing with the Registrar of Firms
- Form B (Change in Firm Name) must be submitted to the Registrar of Firms
- A certified copy of the new partnership deed must be attached
- Any other required supporting documents and fees must be included
- The Registrar verifies the application and updates the records
- Once approved, the firm name is officially changed in the Register
4. Updating Business Records and Licenses
- The new name must be updated on bank accounts and financial records
- Business licenses, GST registration, and tax records must reflect the new name
- Stationery, letterheads, signage, and contracts must be revised
- Clients, suppliers, and stakeholders should be notified of the change
- Ensure consistency across all operational and legal documents
5. Public Notice and Legal Effect
- A public notice may be issued in local newspapers for wider communication
- This protects the firm from confusion or claims related to the old name
- The name change does not affect existing contracts or obligations
- The firm continues its operations under the new name without reformation
- Proper communication ensures a smooth legal and business transition
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