Ravi and Neha, two entrepreneurs, plan to start a new Limited Liability Partnership (LLP) focused on AI-based software development. They decide to…

(a) Under section 16 of the Limited Liability Partnership (LLP) Act, 2008, a person may apply to the Registrar for the reservation of a name in either of the following circumstances: (a) As the name of a proposed LLP, or (b) As the name to which an existing LLP proposes to change its name. The application must be made in the prescribed form and manner along with the prescribed fee. Upon receiving such an application, the Registrar may, if satisfied that the name is not one liable to be rejected under section 15 (2) of the LLP Act, reserve the name for a period of three months from the date of intimation by the Registrar. As per section 15 (2) , no LLP shall be registered by a name which, in the opinion of the Central Government is— (a) undesirable; or (b) identical or too nearly resembles to that of any other LLP or a company or a registered trademark of any other person under the Trade Marks Act, 1999.