Question
For how long can the Registrar reserve a name for a
limited liability partnership after satisfying the prescribed conditions and payment of the fee?Solution
Section 16. Reservation of name.— (2) Upon receipt of an application under sub-section (1) and on payment of the prescribed fee, the Registrar may, if he is satisfied, subject to the rules prescribed by the Central Government in the matter, that the name to be reserved is not one which may be rejected on any ground referred to in sub-section (2) of section 15, reserve the name for a period of three months from the date of intimation by the Registrar.
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