LLP

Startups LLP

Registration Criteria

✔ Minimum 2 Partners (18 years and above age)

✔ No Capital Requirement

✔ DPIN for all the Directors

✔ At least one Designated partner should be an Indian Resident

LLP Registration Process

Step 1: Digital Signature Certificate (DSC)

Prior to beginning the procedure of enlistment, you must register for the DSC for the designated partners of the proposed LLP. Applying for DSC is necessary because the procedure for registering an LLP is done online and requires to be digitally signed. In this way, the partners in an LLP must get the DSC from government-affirmed confirming offices.

Step 2: Application of DIN (Director Identification Number) and DPIN (Designated Partner Identification Number)

Subsequent to applying for DSC, the next stage is to enlist for DPIN and DIN for the proposed Partners of the LLP, within a time period of 5 to 7 days. The application for the allocation of DIN must be made in Form DIR-3. You need to attach a scanned copy of the Aadhaar card and PAN card to the form. The form should be marked by a Company Secretary who is in full-time employment with the company or by the “Managing Director, Directors, or CEO” of the existing company, in which the candidate shall be designated as a director.

Step 3: Name Approval and Reservation with ROC

“LLP-RUN” i.e. “Limited Liability Partnership-Reserve Unique Name” is required to register for the reservation of the proposed LLP’s name. This is additionally treated by the Central Registration Center under Non-STP. In any case, before circulating the name in the form, it is suggested that you utilize the free name search facility on the “LegalRaasta” website. “One to six” is the limit of proposed names, which are to be given to the “MCA”. The registrar will approve the name only if the name is not impractical in the opinion of the Central Government and does not match any existing partnership firm or an LLP.

Name approval procedure will take 5 to 7 working days. A re-submission of the form should be made within 15 days, in case of an occurrence of dismissal.

Step 4: Document Submission

We will create all the required documents including LLP agreement.

Step 5: Get Incorporation Certificate of LLP

The form utilized for joining is FILLIP (Form for consolidation of Limited Liability Partnership) which must be enrolled with the Registrar who has jurisdiction over the state in which the enrolled office of the LLP is located. The form will be an incorporated structure. Joining records can be introduced to the “MCA” alongside an application for Incorporation, PAN and TAN of the LLP. “MCA” will endorse the application for consolidation within 5 to 7 days. Incorporation certification is confirmation that the organization has been formed. It likewise includes your CIN number.

Step 6: Appeal for PAN, TAN and Bank account

After the completion of the above points, you are required to apply for “PAN and TAN” and you will receive them in 7 working days. You can submit the Incorporation endorsement, “MOA, AOA, and PAN” with the bank for opening your bank account.

Step 7: Register for LLP Agreement

LLP agreement oversees the common rights and obligations between the LLP and its partners. LLP agreement should be enrolled in Form 3 which is to be filed within 30 days after the date of formation.