Limited Liability Partnership (LLP) Registration

Additional Details

What is Limited Liability Partnership (LLP)?
LLP is a partnership formed and registered under LLP Act, 2008. It is a hybrid of partnership firm and a company. Ministry of Corporate Affairs is the administrative ministry and Registrar of Companies is the administrative authority. It is a body corporate having perpetual succession and is a legal entity separate from its partners.

Applicable law
Limited Liability Partnership Act, 2008.

Limited liability partnership formation
STAGES :
    Stage I - Partners To form a LLP, there Minimum two partners and at least two shall be designated partners having DIPN. In case of body corporate as partners, their nominee can be act as designated partners. Out of two designated partners, one must be resident in India. (Who has stayed in India for a period of not less than one hundred and eighty two days during the immediately preceding financial year).
    Stage 2 - Obtaining DPIN & Digital Signature DPIN can be obtained by making an application online after submitting the online application, signed physical copy of Form 7 has to be submitted to Ministry of Corporate Affairs along with certified copies of address proof and Identity proof of the applicant. Digital Signature can be obtained from any of the Certifying Authorities in India.
    Stage 3 - Name filing After finalization of name, an application of name availability has to be filed in form 1.Please note that selection of name is subject to Guidelines issued by MCA.
    Stage 4 - Agreement LLP agreement has to be drafted line with LLP Act. It is not mandatory to file LLP agreement at the time of registration and same can be file with in 30 days. If no agreement is framed, provisions of Schedule I of the LLP Act shall be applicable.
    Stage 5 - Filing of Incorporation Documents Form No. 2, 3 and 4 along with required attachments has to be filed in Above said documents are required to be filed after signing digitally. After verification, registrar will register all documents and issue Certificate of Incorporation.
Corporate Finance
    Preparations of Project Reports
    Preparation of CMA data for bank loans
    Private placement of shares, Inter-Corporate Deposit, Terms loans, working capital limits, etc
    Consultant IPOs/ FPOs
    External Credit Borrowings (ECBs)