LLP Registration
A Limited Liability Partnership is a hybrid of Company and Partnership form of business. It combines the advantages of both the Company and Partnership into a single form of organization. It enjoys the benefits of having a separate legal entity, perpetual succession and a limited liability.
DSC is the digital signature issued for electronic submission of the company related documents and is granted to anyone authorized person of the proposed company. DIN is the identification number mandatory required for each of the proposed directors of the Indian company. DIN is also issued by the MCA. Both DSC and DIN are mandatory and to be obtained before initiating further steps
The next step is to decide the name for the proposed LLP to be incorporated, anyone intending to incorporate an LLP has to evaluate his proposed name under the prescribed parameters and make an application. ROC will provide a written confirmation of the name he would allow the proposed Indian LLP to use.
Another pertinent step is drafting of LLP agreement governing the mutual rights and duties among the partners and among the LLP and its partners. It is not necessary to have the LLP Agreement signed at the time of incorporation, as the details of the same needs to be filled within 30 days of incorporation.
Next is the filing of Incorporation documents, consent of Partners and declaration electronically through the medium of e-forms prescribed with the Registrar of LLP for incorporation of the LLP on payment of prescribed fees based on the total monetary value of contribution of partners in the proposed LLP.
After the Registrar is satisfied that all the formalities with respect to the incorporation has been complied, he will issue a Certificate of Incorporation
After receipt of Certificate of Incorporation from Registrar, LLP Agreement must be filed within 30 days from date of certificate of incorporation. On approval of LLP agreement from MCA LLP registration procedure is completed.