INCORPORATION OF LLP with 10 designated partners

LLP 175 views 3 replies

mahipal m. chande

216 Points Joined April 2012

Is it possible to incorporate an LLP with 10 designated partners with newly web based "Fillip" form?

Is rent agreement required to be attached in case of premises is rented or utility bill in the name of the owner and NOC is sufficient?

And if rent agreement is required how to draft rent agreement in absence of legal formation of LLP as LLP is incorporated only after form "Fillip" gets approved nad PAN of LLP gets alloted.

Replies (3)

Guest

Utility Bill plus NOC is sufficient.

10 Designated partners can be chosen, but most of them must have DIN already as only 2 new DIN are allotted in FILLIP.

prateek shukla

9 Points Joined September 2020

Utility bill and Noc is sufficient

Shrijay Sheth

Co-Founder

2692 Points Joined September 2017

Firstly, the LLP Act. 2008, under which every LLP is registered, only states a minimum requirement for partners, no maximum requirement. Hence, you can have 10 designated partners in your LLP.

Secondly, if your LLP's registered office address is on rent, as long as you have a copy of its Utility bill and a NOC from the actual owner, no rental agreement is needed.

You can also reach out to our expert at LegalWiz.in for any additional questions.