Preliminary Steps For Registration of An LLP In India

PRELIMINARY STEPS FOR REGISTRATION OF AN LLP IN INDIA:

Step 1: Digital Signature Certificate (DSC)

Before initiating the process of registration, you must apply for the digital signature of the designated partners of the proposed LLP. This is because all the documents for LLP are filed online and are required to be digitally signed.

So, the designated partner must obtain their digital signature certificates from government recognized certifying agencies.

Step 2: Director Identification Number (DIN)

You have to apply for the DIN of all the designated partners or those intending to be designated partner of the proposed LLP. The application for allotment of DIN has to be made in Form DIR- 3. You have to attach the scanned copy of documents (usually Aadhaar and PAN) to the form.

Step 3: Reservation of Name

LLP-RUN (Limited Liability Partnership-Reserve Unique Name) is filed for the reservation of name of proposed LLP which shall be processed by the Central Registration Centre. The registrar will approve the name only if the name is not undesirable in the opinion of the Central Government and does not resemble any existing partnership firm or an LLP or a body corporate or a trademark.

Step 4: Incorporation of LLP

The form used for incorporation is FiLLiP (Form for incorporation of Limited Liability Partnership) which shall be filed with the Registrar who has a jurisdiction over the state in which the registered office of the LLP is situated.

This form also provides for applying for allotment of DPIN, if an individual who is to be appointed as a designated partner does not have a DPIN or DIN.

The application for allotment shall be allowed to be made by two individuals only.

If the name that is applied for is approved, then this approved and reserved name shall be filled as the proposed name of the LLP

Step 5: File Limited Liability Partnership Agreement 

LLP agreement governs the mutual rights and duties amongst the partners and also between the LLP and its partners. LLP agreement must be filed in form 3 online on MCA Portal.

Form 3 for LLP agreement has to be filed within 30 days of the date of incorporation.

The LLP Agreement has to be printed on Stamp Paper. The value of Stamp Paper is different for every state.

Documents of Partners needed tor Registration of An LLP In India:

• PAN Card/ ID Proof of the Partners
• Address Proof of the partners
• Residence Proof of Partners
• Photograph
• Passport (in case of Foreign Nationals/ NRIs)

Documents of LLP:

• Proof of Registered Office Address
• Digital Signature Certificate

1. After getting Certificate of Registration, following will be made:

(i) Rubber Stamp of the LLP

(ii) Application for PAN/TAN

(iii) Opening of Bank Account

2. Fees structure:

3. Time frame:

10 working days (Subject to availability of all the papers with proper signatures).

Quick Requirements to register  an LLP

• Minimum Designated Partners: 2
• Minimum Partners: 2
• Name of the LLP
• Objects of the LLP
• Minimum Contribution: INR 10,000
• Registered office: Owned/Rented