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    Clarification with regard to Trust/ trustee as a partner in the Limited Liability Partnerships (LLPs)
    Use of word ‘National’ in the names of Companies or Limited Liability Partnerships (LLPs)
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Clarification with regard to Trust/ trustee as a partner in the Limited Liability Partnerships (LLPs)
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Trustee corporate partner status: corporate trustees may hold partnership in an LLP in their corporate name without trustee designation.
A trustee that is a body corporate, including trustees of REITs and InvITs constituted under securities regulations, is not barred from being a partner in a Limited Liability Partnership; such a corporate trustee may hold partnership in an LLP in its corporate name without adding a statement that it is a trustee.
Use of word ‘National’ in the names of Companies or Limited Liability Partnerships (LLPs)
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Restriction on use of 'National' in company names; allowed only for government companies with government stake, ROCs to enforce.
Companies and LLPs must not use the word National in their registered names unless they are government companies with Central or State government stake; Registrars of Companies must enforce this prohibition. The word Bank requires a No Objection Certificate from the Reserve Bank of India, and the words Stock Exchange or Exchange require a No Objection Certificate from the Securities and Exchange Board of India as preconditions for name approval.

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Acts Income Tax