Dear members, how to form a LLP in mumbai region, i have received an proposal to register a partnership firm but i never have done one. Please advise me with procedure and documents required.
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How to register a new partnership firm under llp
Replies (6)
Hi Akash,
First u decide what to incorporate, LLP or Partnership? Because both are different in nature.
Regards
client has asked me what shold be better a Partnershio or LLP therefore i want to know proceedure for both so that i can guide him further as per his preference
client has asked me what shold be better a Partnershio or LLP therefore i want to know proceedure for both so that i can guide him further as per his preference
This thing depends upon the object of the partners. As per my opinion LLP is better than partnership in following sense:
a) liability of the partners are limited unlike the partnership
b) It is a separate legal entity, so loans can be obtained from financers easily than compared to partnership.
c) Most of the capital oriented transactiones are filed with the ROC and so there is a proper record of the proceedings.
You can advise ur client to go for LLP.
Yes even i googled it and came to conclusionn of suggesting LLP and also came trough this process
|
Step No. |
Steps |
Timeframe(Working days) |
Processing |
|
1 |
DSC (Digital Signature certificate) |
1 |
Documents required • Address proof • Identity proof |
|
2 |
DPIN (Designated Partner Identification Number) Approved DPIN is a pre-requisite for incorporation process
|
5 |
• Apply for DPIN and get a provisional DPIN • Certification/Attestation of Director's personal details • Sending the same to the MCA Cell and getting it approved |
|
3 |
Pre- Name Application Search |
-- |
• The Promoters have to provide atleast 6 (Six) names in the order of priority • To make an online search of availability of names as desired by the Promoters |
|
4 |
Application for Name Availability • Filing of Form 1 • 6 names for the proposed Company • Main Object Clause |
6 |
• To draft the Main Object to be pursued by the LLP after incorporation |
|
5 |
Representation before RoC on behalf of Promoters |
1 |
• Changes to be made in the Name application, if any, suggested by the RoC. |
|
6 |
Documents required for incorporation of an LLP • LLP Agreement • Form 2 (Statement by Promoter) • Form 3 (Information regarding the LLP Agreement) • Form 4 & Form 9 (Notice of Consent & Appointment of Designated Partners with their personal details) • Subscripttion sheet signed by the promoters • Duly stamped LLP Agreement • Proof of Address of Registered Office |
2
|
• Drafting the LLP Agreement and after getting it vetted by Promoters, sending it for printing • Processing of eForms |
|
7 |
Final Process: • Filing all the above documents with the ROC, follow up with the ROC Making changes in LLP Agreement/ other Incorporationdocuments as suggested by the ROC |
5
|
• Online uploading of e-Forms • Payment of Registration fees • Issue of Certificate of Incorporation |
plz add to this it will be very helpfull
For registering a LLP
1.Minimum 2 Partners
2.Minimum 2 Designated Partners who are individuals and at least one of them should be resident in India.
3.Digital Signature Certificate
4. LLP Name
5.LLP Agreement
6.Registered Office
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