What is LLPs registration process
LLPs registration process :
There are several steps involved in the LLPs registration process in India, making it a distinct and unique procedure. Here is a general outline of the LLP registration process:
- Acquire Digital Signature Certificate (DSC):
The initial phase involves acquiring a Digital Signature Certificate for the designated partners of the LLP. DSC is mandatory for filing online registration forms.
- Obtain Director Identification Number (DIN):
The designated partners need to obtain their Director Identification Number (DIN) from the Ministry of Corporate Affairs (MCA). DIN is a unique identification number for individuals acting as directors or designated partners in a company or LLP.
- Name Reservation:
Choose a unique name for the LLP and submit an application for reservation of name to the MCA. The proposed name should comply with the naming guidelines and should not be similar to existing companies or LLPs.
- Prepare LLP Agreement:
Draft the LLP Agreement, which outlines the rights, duties, and responsibilities of partners, as well as the LLP’s operational and management structure.
- File Incorporation Form:
Prepare and file Form FiLLiP (Form for incorporation of LLP) with the MCA, along with the required documents, including the LLP Agreement and details of partners.
- Payment of Fees: Pay the prescribed registration fees based on the LLP’s authorized capital.
- Certificate of Incorporation: Once the MCA approves the application and verifies the documents, a Certificate of Incorporation is issue. This certificate confirms the formation of the LLP.
- LLP Identification Number (LLPIN): The LLP Identification Number (LLPIN) is allotted by the Registrar of Companies (RoC) after the issuance of the Certificate of Incorporation.
To visit: https://www.mca.gov.in
- LLP Agreement Filing: Within 30 days of incorporation, file the LLP Agreement with the RoC. This agreement must execute on stamp paper and sign by all partners.
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