Limited Liability Partnership (LLP) Registration in India
Updated: Sep 14, 2022
Limited Liability Partnership (LLP) has come to be a desired shape of organization amongst entrepreneurs because it includes the advantages of each partnership firm and agency right into a single form of organization.
The idea of the Limited Liability Partnership (LLP) was added in India in 2008. An LLP has the traits of each partnership corporation and agency. The Limited Liability Partnership Act, 2008 regulates the LLP in India. Minimum two partners are required to comprise an LLP. However, there may be no higher restriction at the most wide variety of partners of an LLP.
Among the partners, there need to be not less than designated partners who shall be individuals, and at least one in every of them need to be resident in India. The rights and responsibilities of designated partners are ruled with the aid of using the LLP agreement. They are without delay accountable for the compliance of all of the provisions of the LLP Act, 2008 and provisions certain withinside the LLP agreement.
If you need to begin your enterprise with a Limited Liability Partnership, you then definitely have to get it registered below the Limited legal responsibility Partnership Act, 2008.
PURPOSE OF THE FORM
RUN – LLP (Reserve Unique Name-Limited Liability Partnership
Form for reserving a name for the LLP
Form for incorporation of LLP
Notice for change of name
Application and statement for the conversion of a firm into LLP
Application and Statement for conversion of a private company/unlisted public company into LLP
LLP Registration Process
Step 1: Obtain Digital Signature Certificate (DSC)
Before beginning the procedure of registration, you have to follow the digital signature of the designated partners of the proposed LLP. This is due to the fact all of the documents for LLP are filed online and are required to be digitally signed. So, the designated partners have to attain their digital signature certificate from authorities diagnosed certifying agencies. The price of acquiring DSC varies relying upon the certifying agency.
STEP 2: Incorporation of LLP Using Fillip Form
The form used for incorporation is Fillip (Form for incorporation of Limited Liability Partnership) which will be filed with the Registrar who has jurisdiction over the kingdom wherein the registered workplace of the LLP is located. The form might be an integrated form.
Fees as according to Annexure ‘A’ will be paid.
This form additionally offers for applying for allotment of DPIN, if a person who's to be appointed as a designated partner does now no longer have a DPIN or DIN.
The application for allotment will be allowed to be made with the aid of using people best.
The application for reservation can be made via Fillip too.
If the name gets approved, then the approved name will be filed as the proposed name of the LLP.
Login to MCA Portal:- Log in to your account on MCA Portal
How to login in LLP V3 portal on MCA?
Firstly the user needs to go to the “Sign in/Sign Up” link on the top right corner of the MCA portal, using the existing login id of MCA, you are not required to create a new login for the LLP portal. Users can use existing login id.
While logging in kindly pick the LLP login choice in place of company login.
In order to register in an LLP with the Ministry of Corporate Affairs, step one is to reserve a name for the proposed LLP.
In order to reserve name, RUN-LLP needs to be filled out on MCA in conjunction with 2 proposed names of the LLP and NoC, if any required with the aid of using paying a charge of Rs.200/-
Once the call has been approved with the aid of using MCA, the name is legitimate for a duration of three months inside which e-Form Fillip desires to be filed in conjunction with documents as can be required, for incorporating the LLP. The price of submitting e-Form Fillip relies upon the contribution of the LLP.
LLP-RUN (Limited Liability Partnership-Reserve Unique Name) is filed for the reservation of the name of the proposed LLP which will be processed with the aid of using the Central Registration Centre below Non-STP. But earlier than quoting the name withinside the form, it's recommended that you use the free name search facility on the MCA Portal.
It usually takes 10-12 running days after the LLP name is approved. However, the approvals are a problem to authorities processing time.
Steps to file RUN-LLP for Name Reservation for LLP Registration
Login to MCA: Log in to your account on MCA Portal with valid username and password
2. Navigate to RUN-LLP Service: Go to MCA Services > LLP Services > RUN-LLP (Reserve Unique Name-LLP).
3. Select choice for name reservation : Select the appropriate choice for booking a name i.e. for incorporating a brand new LLP or converting into LLP.
4. Enter LLPIN: Enter LLPIN i.e. Limited Liability Partnership Identification Number in case you are applying for the change of name for an existing LLP. (If you're making use of a brand new Incorporation , you could pass that).
5.NIC code is associated with business activities of your LLP. Click on search and pick the perfect code.
6. Enter Names: Enter proposed names and click on at the Auto check.
7.Primary Check for Proposed Name – Invalid: The system does a number one test for the names entered and shows a message whether or no