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How to form LLP?

How to form LLP?

How to Incorporate a New Limited Liability Partnership

 
STEP 1  :  PRE-REQUISITES

 

  • Obtain Director Identification Number (DIN) [Form DIR-3]

All designated partners of the proposed LLP shall obtain “Director Identification Number (DIN)” by filing an application individually online in Form DIR-3.

  • Digital Signature Certificate(DSC)

Partner/Designated partner of LLP/proposed LLP, whose signatures are to be affixed on the e-forms has to obtain class 2 or class 3 Digital Signature Certificate (DSC) from any authorized certifying agency.

 
STEP 2  :  RESERVATION OF NAME [Form 1]

 

Form-1 for reservation of name shall be filed. Partners shall have to select name of the proposed LLP (upto 6 choices can be indicated).

Any partner or designated partner in the proposed LLP may submit Form-1

Now append digital signatures and submit the e-form

Necessary fee can be paid online by credit card(master/visa).

Details of minimum two designated partners of the proposed LLP, one of them must be a resident of India, is required to be filled in the application for reservation of name. Only individuals or nominees on behalf of the bodies corporate as partners can act as designated partners.

 

STEP 3  : Incorporation Document and Statement [Form 3]

 

Once the name is reserved by the Registrar, fill up Form-2 “Incorporation Document and Statement”and file it.

Now pay the prescribed registration fee online as per the slab given in Annexure A of the LLP Rules, 2009, based on the total monetary value of contribution of partners in the proposed LLP.

(a) Limited Liability Partnership whose contribution does not exceed Rs. 1 lakh Rs. 500/-
(b) Limited Liability Partnership whose contribution exceeds Rs. 1 lakh but does not exceed Rs. 5 lakhs Rs. 2000/-
(c) Limited Liability Partnership whose contribution exceeds Rs. 5 lakhs but does not exceed Rs. 10 lakhs Rs. 4000/-
(d) Limited Liability Partnership whose contribution exceeds Rs. 10 lakh Rs. 5000/-

Statement in the e-form is to be digitally signed by a person named in the incorporation document as a designated partner having permanent DPIN and also to be digitally signed by an advocate/company secretary/chartered accountant/cost accountant in practice and engaged in the formation of LLP

On submission of complete documents the Registrar after satisfying himself about compliance with relevant provisions of the LLP Act will register the LLP within 14 days of filling Form-2, and will issue a certificate of incorporation in Form-16.

 
STEP 4  :  Filing of LLP agreement [Form 3]

 

Form 3 (Information with regard to LLP agreement & changes) may be filed with the prescribed fee simultaneously at the time of filing Form-2 or within 30 days of the date of incorporation or within 30 days of such subsequent changes.