LLP Registration India
Registering an LLP (Limited Liability Partnership) in India involves a specific process regulated by the Ministry of Corporate Affairs (MCA). Here is a step-by-step guide on how to register an LLP in India:
1. DIN and DPIN:
Obtain Director Identification Numbers (DIN) and Designated Partner Identification Numbers (DPIN) for all the designated partners. You can apply for these numbers online through the MCA portal.
2. Digital Signatures:
Each designated partner must obtain a Digital Signature Certificate (DSC) from a government-approved certifying authority.
3. Name Reservation:
Choose a unique name for your LLP and check its availability through the MCA’s Name Reservation facility. The name should comply with naming rules and regulations. You can submit up to six proposed names in order of preference.
4. Draft LLP Agreement :
Draft an LLP agreement that outlines the rights, duties, and responsibilities of the partners and the internal management structure of the LLP. The agreement must be filed with the Registrar of Companies (RoC) during registration.
5. Incorporation Application :
File an online LLP registration application with the RoC. The application includes Form 2, which contains details of the LLP, its partners, and the registered office address.
6. Payment of Fees :
Pay the prescribed LLP registration fees based on the LLP’s proposed capital contribution
7. Verification and Approval :
Once the RoC receives the application and accompanying documents, they will verify the information and documents provided. If everything is in order, they will approve the registration.
8. Certificate of Incorporation :
After approval, the RoC will issue a Certificate of Incorporation, which confirms the LLP’s legal existence. The LLP is considered officially registered from the date mentioned in the certificate.
9. PAN and TAN :
Apply for a Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN) for your LLP. These are necessary for tax compliance and financial transactions.
10. Bank Account :
Open a bank account in the name of the LLP using the Certificate of Incorporation and the LLP agreement. This account will be used for financial transactions related to the LLP.
11. Filing Compliance :
After registration, LLPs are required to file annual returns and financial statements with the RoC. Ensure compliance with these filing requirements.
12. Maintain Records :
Keep detailed records of all LLP transactions, agreements, and documents. It’s essential to maintain accurate and up-to-date records for compliance purposes.
Please note that the specific requirements and procedures for LLP registration in India may change over time, and it’s essential to check with the MCA and consult with a legal or business professional experienced in company registration in India like Legato Business Solution llp for the most up-to-date information and to ensure a smooth and compliant registration process.