A Limited Liability Partnership (LLP) is a modern business structure that combines the operational flexibility of a partnership with the limited liability of a company. Introduced under the Limited Liability Partnership Act, 2008, LLPs have gained significant popularity in India, particularly among startups, service providers, and professionals seeking a simple yet legally sound business format.
The recent liberalization of Foreign Direct Investment (FDI) rules related to LLPs has further enhanced interest among Non-Resident Indians (NRIs) and Foreign Nationals, making LLPs a favored choice for joint ventures and foreign collaboration.
Step-by-Step LLP Registration Process
As per the Limited Liability Partnership Act, 2008
At shiromani associates, we ensure seamless and compliant registration of Limited Liability Partnerships (LLPs). Below is the structured registration procedure:
Step 1: Obtain Digital Signature Certificate (DSC)
All designated partners must obtain a valid Digital Signature Certificate. This is essential for signing electronic documents during the registration process.
Step 2: Apply for Director Identification Number (DIN)
DIN is required for all designated partners. This unique identification number is issued by the Ministry of Corporate Affairs (MCA) and is mandatory for company registration.
Step 3: Name Reservation for the LLP
An application is filed with the MCA for the reservation of the proposed LLP name through the RUN-LLP (Reserve Unique Name – LLP) service. The name should comply with the naming guidelines prescribed under the LLP Act.
Step 4: Filing of Incorporation Documents (Form FiLLiP)
The incorporation form, known as FiLLiP (Form for Incorporation of Limited Liability Partnership), is submitted to the Registrar of Companies (RoC) having jurisdiction over the state in which the LLP’s registered office is situated. FiLLiP is a comprehensive, interactive e-form that includes details of partners, registered address, and capital contribution.
Step 5: Drafting and Filing of LLP Agreement
Once the LLP is incorporated, an LLP Agreement must be drafted and filed with the MCA in Form 3 within 30 days of incorporation. The agreement defines the mutual rights and duties among partners and between the LLP and its partners.
Step 6: PAN, TAN & Other Registrations
After incorporation, PAN and TAN applications are filed. Depending on business needs, GST, Shops & Establishment, and other relevant registrations may be obtained.
To apply for Make in India certification, the following documents are required:
PAN Card / Identity Proof of the Partners
Address Proof of the Partners
Residential Proof of the Partners
Passport-sized Photograph
Passport (Mandatory for Foreign Nationals / NRIs)