LLP Process for Registration
A Limited Liability Partnership may be incorporated as per the procedure explained below by registering and applying on the Ministry of Corporate Affairs website, which is dedicated to LLP services, ministry’s main website, www.mca.gov.in, also provides access to this webpage.
User Registration
• Once on the homepage of www.llp.gov.in, select the “Register” tab in the upper right corner of the screen.
• Complete the registration form by including all information requested in the fields denoted by an asterisk (*). For your account, decide on a username and password.
• Submit the certificate for your digital signature.
• You will get a message verifying that your registration was successful after it has been completed.
• Obtain the DPIN, or Designated Partners Identification Number.
• The prospective LLP’s designated partners are required to receive a “Designated Partner Identification Number (DPIN) / Director Identification Number (DIN). It may be applied from: http://www.mca.gov.in/MCA21/
Din.html .
Digital Signature Certificate
A class 2 or class 3 Digital Signature Certificate (DSC) must be obtained from an approved certifying body by the partner or designated partner of an LLP or planned LLP who needs to sign the e-forms. The “Certifying Authorities” option on the LLP portal’s home page has more details about these organizations.
Name reservation
• Visit the LLP portal and select the “log in” tab in the top right corner of the homepage to reserve a name. After logging in with your username and password, select the “E-Forms” link.
• Open Form-1 and complete the necessary fields to reserve a name. You are allowed to list up to six options for the proposed LLP’s name.Form-1 can be submitted by any partner or designated partner in the proposed LLP.
• Add your digital signature to the form and submit it.
• Use a Mastercard or Visa credit card to pay the required fee.
• To see if there are any existing firms or LLPs with names that are similar to or almost identical to your proposed name, utilize the free name search feature on the MCA portal (which is available through a hyperlink on the LLP page).
• At least two authorized partners must be listed for the proposed LLP, at least one of whom must be an Indian citizen. Designated partners may only be people or nominees acting on behalf of bodies corporate.
• By logging into the portal, you may find out the status of your application.
• Refer to the provided Instruction Kit for more extensive instructions.
• Form-1 can be submitted by any partner or designated partner in the proposed LLP.
• Add your digital signature to the form and submit it.
• Use a Mastercard or Visa credit card to pay the required fee.
• To see if there are any existing firms or LLPs with names that are similar to or almost identical to your proposed name, utilize the free name search feature on the MCA portal (which is available through a hyperlink on the LLP page).
• At least two authorized partners must be listed for the proposed LLP, at least one of whom must be an Indian citizen. Designated partners may only be people or nominees acting on behalf of bodies corporate.
• By logging into the portal, you may find out the status of your application.
• Refer to the provided Instruction Kit for more extensive instructions.
Incorporating an LLP
• Once the Registrar reserves the name, go to the portal and fill out Form-2 “Incorporation Document and Statement”.
• Pay the required registration fee based on the total monetary value of the partners’ contributions in the proposed LLP, according to the LLP Rules, 2009.
• The statement in the e-form must be digitally signed by a designated partner with a permanent DPIN, as well as by an advocate/company secretary/chartered accountant/cost accountant involved in forming the LLP.
• After submitting all the necessary documents, the Registrar will review them to ensure compliance with the LLP Act. The LLP will be registered within 14 days of filing Form-2, and a certificate of incorporation in Form-16 will be issued.
• You can check the status of your application by logging into the portal.
• For more information, refer to the Instruction Kit provided on the home page under the “Instruction Kit” tab.
You can file the LLP agreement (Form-3) and the details of the partners (Form-4) together. Form-3 provides information about the LLP agreement and any changes made to it, while Form-4 is for notifying the appointment of a partner or designate partner and obtaining their consent. These forms should be filed with the required fee either when filing Form-2 or within 30 days of the incorporation date or any subsequent changes. You can find more information in the Instruction Kit provided on the home page under the “Instruction Kit” tab.
Frequently Asked Questions:
Q1. In India, what is the initial step in registering an LLP?
A1. User registration on the official LLP website is the initial step. The registration form must be finished, your digital signature certificate submitted, and you must be given a Designated Partners Identification Number (DPIN).
Q2. Why is a Digital Signature Certificate (DSC) required for the registration of an LLP?
A2. The signing of electronic documents during the registration process requires a DSC. It guarantees the validity of the submitted documents.
Q3. How can I hold onto OR reserve a name for my imagined LLP?
A3.Logginginto the LLP portal, filling out Form 1 with up to six name possibilities, digitally signing it, and paying the requisite cost are the steps needed to reserve a name.
Q4. Can someone submit a Form 1 to reserve a name?
A4. Yes, Form-1 may be submitted by any partner or designated partner in the proposed LLP.
Q5. What are the minimum requirements for the partners in a proposed LLP?
A5. At least two authorized partners must be listed, and one of them must be an Indian citizen. Designated partners can only be individuals or nominees representing corporate bodies.
Q6. How can I check the status of my application during the registration process?
A6. You can log in to the LLP portal to check the status of your application.
Q7. What is Form-2, and when should I fill it out?
A7. Form-2 is the “Incorporation Document and Statement.” After the Registrar reserves the name, you should fill out Form-2. It is part of the LLP incorporation process.
Q8. How is the registration fee determined for an LLP in India?
A8. The registration fee is based on the total monetary value of the partners’ contributions in the proposed LLP, following the LLP Rules, 2009.
Q9. What is the significance of Form-3 and Form-4 in the LLP registration process?
A9. Form-3 provides information about the LLP agreement and any changes to it, while Form-4 is for notifying the appointment of a partner or designated partner and obtaining their consent. These forms should be filed with the required fee when submitting Form-2 or within 30 days of the incorporation date.
Q10. How long does it take to register an LLP in India?
A10.The LLP is typically registered within 14 days of filing Form-2. You can monitor the status of your application by logging into the portal.
