Overview on LLP Registration Procedure In India

LLP Registration Procedure In India

Documents Requirement for LLP Registration 

• Self-attested copy of PAN Card of all partners and Promoters
• Self-attested copy of Voter I’d/ Driving License/Passport as ID proof (Only copy of Aadhar required if have DIN)
• Electricity bill/ Mobile Bill/Telephone Bill/ Bank Statement as address proof self-attested by each partners and promoter (not older than 2 months), not required for DIN holder.
• One Photo of each partners and promoter
• Electricity Bill/Telephone Bill/Gas Bill/Mobile Bill for Registered Office of the Proposed LLP (not older than two months)
• Rent Agreement, Rent receipt and NOC for Registered Office of the LLP, if rented.
• NOC and KYC from the Trademark owner if name already exist

Information Requirement for LLP Registration 

• Name of the LLP (Description of name, if any)
• Object/Business activities of LLP
• Occupation, Education Qualification, Place of Birth and Duration of Stay at present address (Not required, if have DIN)
• Mobile No. and Email id of all partners
• Interest in other entity by all partners i.e. Designation, Type of ownership etc.
• Total Contribution of LLP and ratio of each partners
• Director Identification Number (DIN) of partners if have.

Step By Step LLP Registration Procedure In India?

1. Step 1- Issuance of the Digital Signature Certificate (DSC)
2. Step 2: Apply for DPIN
3. Step 3: Get the Company’s Name Approval
4. Step 4: File Incorporation Application in e-form FiLLiP
5. Step 5: File LLP Agreement in Form 3

Once you pass the eligibility criteria, you have got to follow these steps for LLP registration?

• Step 1- Issuance of the Digital Signature Certificate (DSC) to the Authorized Signatory
  • The first and foremost step is to get DSC for all the proposed designated partners. The members can utilize the identical DSC to file ROC (Registrar of Companies) compliance forms, LLP registration, and tax returns.
• Step 2: Apply for DPIN
  • The next step includes filing an application for Designated Partners number (DPIN) in e-form DIR 3.
• Step 3: Get the Company’s Name Approval
  • It is a major step within the LLP Registration Procedure. An LLP should have a novel name; otherwise, there are chances of application rejection.
  • Once the applicant obtains the DSC and DPIN, he shall file for the approval of the LLP’s name. for this, he is required to visit the official MCA portal RUN-LLP to ROC (Registrar of Companies).
• Step 4: File Incorporation Application in e-form FiL LLP
  • After the ROC (Registrar of Companies) approves the company’s name, you wish to file an incorporation application within the e-form FiLLiP.
  • The LLP form entails all the knowledge about the proposed designated partners. Affix all the essential documents together with the shape. The applicant must file the shape with the ROC of the concerned state or area where the registered LLP office is situated.
• Step 5: File LLP Agreement in Form 3
  • Lastly, file the net LLP agreement on the MCA portal within 30 days from the date of incorporation. The LLP agreement could be a confidential document which defines the rights and responsibilities of the partners.
  • The LLP agreement is required to be stamped and executed, on a stamp paper of Rs. 10/- while the worth of stamp paper may differ from state to state.

INCORPORATE THE SUBSEQUENT CLAUSES IN YOUR LLP AGREEMENT:

• Name, objectives as well as the address of the Register Office of the proposed LLP company;
• Valuation of Non-Monetary contribution;
• The decided ratio for sharing of profits or losses;
• Detail of designated partners;
• Interest payable on the capital loan;
• Mode of operation of bank accounts;
• Rights and duties of all partners;
• Procedure to appoint an Auditor;
• Partner’s initial contribution to the LLP;
• Appointment of an arbitrator;
• Further prepare Indemnity clause and Goodwill clause;
• Admission of a brand-new partner;
• Cessation of the present partners;
• The procedure of effecting the limited liability partnership;
• Also, specify liability of partners within the LLP with its extent.
• Remuneration payable to the working partners;
• Amendments of limited liability partnership ;
• And other details of the businesses carried out.

Also read :

• New Online filing eForm DIR-3 eKYC Directors
• CLOSURE OF SUBSIDIARY COMPANY
• Compliance for Foreign Subsidiary Companies in India