LLP Formation

Step 1: Obtain Designated Identification Number (DIN)

Every individual intending to be appointed as designated partner of a limited liability partnership has to make an application for allotment of Director Identification Number. MCA has vide its notification amended the limited liability partnership rules, 2009. Now instead of DPIN, every partner who will be appointed as designated partner, will need to apply for DIN and not DPIN.

Step 2: Register Digital Signature of Designated Partner

Partner/Designated partner of LLP/proposed LLP, whose signatures are to be affixed on the e-forms has to obtain class 2 or class 3 Digital Signature Certificate (DSC) from any authorized certifying agency. Register Digital Signature of Designated Partner on the website of Ministry of Corporate Affairs.

Step 3: Filing of Form 1 for Name Availability

Free name search facility (of existing companies / LLPs) is available on MCA portal. The system will provide the list of similar/closely resembling names of existing companies/LLPs based on the search criteria filled up. Download and fill Form-1 for reservation of name and fill in the details.

Step 4: Filing of Form 2 for Incorporation and Subscripttion Document

Mention Total Number of Partners and Designated Partners. Fill up details of same. Enter the amount of proposed monetary value of partner’s contribution in figures and system will automatically display the amount in words. Attach details in respect of names of partners/ nominees/ witnesses and their signatures in the format as Subscribers' sheet attachment. Attach proof of register office address of LLP.

Step 5: Drafting of LLP Agreement LLP agreement has to be drafted line with LLP Act.

Step 6: Filing of Form 3 – LLP Agreement The LLP agreement has to be uploaded.

Once it gets approved all the formalities for registration gets completed.