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INCORPORATION OF LLP with 10 designated partners

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mahipal m. chande

173 Points Posted on 21 November 2022

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)

Quick Summary

This discussion clarifies the process of incorporating a Limited Liability Partnership (LLP) with 10 designated partners using the new 'Fillip' form. It confirms that there's no maximum limit on the number of partners in an LLP. Regarding the registered office, a utility bill in the owner's name along with a No Objection Certificate (NOC) is sufficient, negating the need for a rent agreement, even if the premises are rented. The thread also notes that while 10 designated partners are permissible, most should already possess a Director Identification Number (DIN) as the 'Fillip' form only allows for the allotment of two new DINs.

Guest

Posted on 22 November 2022

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

24 Points Posted on 23 November 2022

Utility bill and Noc is sufficient

Shrijay Sheth

Co-Founder

2250 Points Posted on 09 May 2023

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.