Emplyment
149 Points
Joined May 2009
· A LLP must have at least Two Designated Partners who shall be Individuals.
· At least one Individual Designated Partner shall be a resident in India
· An Individual can act as Designated Partner only after giving Prior Consent to the LLP
· Consent should to act as a Designated Partner be given in eForm no.9(Rule no.7)
· Procedure for obtaining DPIN has been attached
· Atleast Approval of DIPIN of one of the partner is necessary to file form 1 for name availability under LLP.
Incorporation Document – Contents
a. The Incorporation Document should state the following:
b. the name of the LLP
c. the proposed business of the LLP
d. the Registered Office address of the LLP
e. the name and address of each persons who are to be partners of the LLP on Incorporation
g. name and address of partners who are to be Designated Partners of the LLP On incorporation.
i. Contribution to be made by each partner.
j. such other information concerning the proposed LLP as may be prescribed.
· LLP Agreement filing – eform 3.
Necessary fees to be paid as given below.
1. Rs.50/- if the contribution is less than Rs.1 Lakh,
2. Rs.100/- if contribution is above Rs.1 Lakh but not exceeding Rs.5 Lakhs,
3. Rs.150/- if contribution is above Rs.5 Lakhs but not exceeding Rs.10 Lakhs
4. Rs.200/- if contribution is exceeding Rs.10 Lakhs
5. After the expiry of 30 days Rs.100/- is a penalty to be paid per day during which default continues.
· Every Designated partner shall intimate his consent and DIPIN to LLP in form 9 and LLP will intimate ROC within 30 days of intimation.
· The LLP should file Form no.4 (Rule 8) within 30 days of appointment of the Designated Partner with the Registrar along with prescribed fees.
The whole procedure has been laid down in the attachment
"The more you sweat in practice, the less you bleed in battle”