Uploaded on Dec 19, 2019
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Register of Companies- kanakkupillai
Key things to know when registering a
LLP – Kanakkupillai
LLP
A Limited Liability Partnership (LLP) is a hybrid
business structure that combines the best aspects of a
Partnership and a Company.
The LLP Bill, 2006 was introduced in the Rajya
Sabha on December 15, 2006 to combine the tax
status of a partnership structure with the advantage
of limited liability for its partners.
Source – economictimes.com
Features Of LLP
1.Separate Entity:
An LLP is a separate legal entity, and its continuity does not
depend on its partners.
2.Membership
The following can be partners in an LLP:
Limited Liability Partnerships
Foreign Limited Liability Partnerships
Companies
Foreign Companies
Individuals.
The formation and running of an LLP requires lesser
compliances when compared to the formation and running of a
Company.
Incorporation of an LLP
Step 1: Application for Digital signature Certificate
and Designated Partner Identification Number
Every individual who is intending to be appointed as
designated partner of an LLP shall make an application
for a Digital Signature Certificate (DSC).
Once the DSC is obtained, the partners shall make an
application in Form DIR-3 for obtaining Designated
Partner Identification Number (DPIN)
Step 2: Reservation of name of the LLP
An applicant must get a name reserved for any new LLP
to be incorporated or for any conversion of a firm /
company into LLP.
Once a name is approved, the applicant can apply for
incorporation of the LLP, before expiry of the validity
of approved name, that is, three months from the date of
approval. Form RUN-LLP has to be filed with a fee of
Rs. 200
Step 3: Registration of LLP
Once the name has been reserved, the applicant has to
file an LLP Integrated Incorporation form (FiLLiP)
through the MCA portal.
Form FiLLiP has to be filed with the following fee
along with the applicable Stamp Duty
Step 4: Certificate of Incorporation
Upon successful registration of the LLP, the RoC shall
issue a Certificate of Incorporation in Form 16 under
the seal of the Registrar. This certificate contains the
LLP Identification Number (LLPIN)
Step 5: Limited Liability Partnership
Agreement
LLP Agreement is the document that defines the
relationship between the partners and their rights and
duties vis-à-vis the LLP.
An LLP agreement lays down terms and conditions for
admission and removal of partners, consequences of
death of a partner, sharing of profit and loss, dispute
resolution, partners' duties and responsibilities, among
others. If the agreement has been executed before
incorporation, the partners have to ratify the agreement
after registration and have to file Form 3 with the RoC
within 30 days of incorporation.
LLP Registration Consultants
Get your LLP enrolled in 12 days in Chennai
with Kanakkupillai. Free Expert Support; Free
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market with all legal procedures done at your
doorstep. Call us @7305345345 and get your
registrations done .
Contact Us
CHENNAI OFFICE
No 13/22 2nd floor,Yatra, TNGO Colony, West Karikalan street,
Adambakkam, Chennai – 88
Phone: 7305 345 345
Email: [email protected]
https://www.kanakkupillai.com/
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