Procedure For Incorporation of Limited Liability Partnership (LLP) Through Fillip

A Limited Liability Partnership is a partnership firm registered under the Limited Liability Partnership Act, 2008 as a separate legal entity. LLP offers the partners to enjoy the benefits of limited liability at a low cost.

PROCEDURE FOR INCORPORATION:

  • Acquire DSC of any Designated Partner;
  • Apply for reservation of name through RUN-LLP;
  • Apply for the incorporation of the LLP;

      Note:

    • Reservation of name can be applied even at the time of incorporation.
    • DIN can be applied through incorporation form up to 2 Designated Partners
  • Receipt of Incorporation certificate from RoC;
  • Apply for PAN and TAN of LLP;
  • Apply for other statutory registrations such as Shops and establishments, EPFO, ESIC, GST, and PT, as applicable; and
  • Open the bank account in the name of LLP.

DOCUMENTS REQUIRED FOR INCORPORATION:

From Designated Partners:

  • PAN and AADHAR
  • Signed subscriber sheet;
  • Consent of the designated partner in Form 9
  • In case body corporate is DP, copy of the board resolution to incorporate an LLP
  • Proof of Identity such as Passport/Voter Identity card/driving license;
  • Proof of Address such as Bank Statement/Electricity bill/Telephone bill/Mobile bill (Designated Partner name shall be on such proof)

From Partners:

  • PAN and AADHAR;

From LLP:

  • Utility bill not older than two months;
  • No-objection certificate from the owner;

POST-INCORPORATION COMPLIANCES:

  • Procure the stamp paper by paying an adequate amount of stamp duty.
  • Execute the LLP agreement
  • File Form 3 by attaching the executed agreement within 30 days from the date of incorporation.

POINTS TO BE NOTED:

  • There are two designations provided to partners as per this Act. i.e., Designated Partner and Partner;
  • Minimum of 2 Designated Partners are required for incorporation and out of those, one shall be resident in India;
  • DPIN is mandatory to become a Designated Partner;
  • To become a Partner in LLP, PAN is mandatory and there is no minimum and maximum limit for partners.
  • Both Designated Partners and Partners possess the same rights except for the following:
    • Designated Partner shall be responsible for filing of any document, return, statement, and the like report as required under the Limited Liability Partnership Act, 2008.
    • Designated Partner shall be liable to all penalties as imposed under the above-said act.
  • Stamp duty shall be adequate as per the respective state act where the registered office is situated.
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Company: Janaki P & Associates
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Member Since: 27 Aug 2020 | Total Posts: 3
Experienced in the industry of Company Law, FEMA Laws, the formation of various forms of business organizations, and registrations thereof. Skilled in Legal Assistance, Corporate Finance, GST, and Intellectual Property Rights. For any queries, you can reach me at contact@csjanaki.com. Website: htt View Full Profile

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