Registration Process for LLP

 Registration Process for LLP

The registration process for a Limited Liability Partnership (LLP) in India is governed by the Ministry of Corporate Affairs (MCA) under the Limited Liability Partnership Act, 2008. Here’s a step-by-step guide: Step 1: Obtain Digital Signature Certificate (DSC) -All designated partners must obtain a Class 3 Digital Signature Certificate (DSC). -It is required for filing forms electronically on the MCA portal. -Can be obtained from certifying authorities like eMudhra, Sify, or NSDL. Step 2: Apply for Director Identification Number (DIN) or Designated Partner Identification Number (DPIN) -DIN/DPIN is required for designated partners. -Apply through Form DIR-3 (if not obtained earlier). Step 3: Name Reservation (LLP-RUN) -File LLP-RUN (Reserve Unique Name) form on the MCA portal. -Propose up to two names, ensuring they are unique and comply with naming guidelines. -MCA may approve or request resubmission if the name conflicts with existing entities. Step 4: File Incorporation Form (FiLLiP) Submit FiLLiP (Form for Incorporation of LLP) with the following: -Approved name. -Details of partners. -Address of the registered office. -Subscriber’s sheet and partner consent. -Pay the required fee (based on capital contribution). -If DIN is not obtained earlier, it can be applied in this form. Step 5: File LLP Agreement (Form 3) -After incorporation, file LLP Agreement (Form 3) within 30 days. -It defines the mutual rights, duties, and profit-sharing ratio of partners. -Must be printed on stamp paper (value depends on state rules). Step 6: PAN, TAN & Bank Account -Apply for PAN & TAN through NSDL or UTI. -Open a bank account in the name of LLP. Step 7: Compliance & Annual Filings -Form 8: Statement of Accounts & Solvency (within 30th October each year). -Form 11: Annual Return (within 30th May each year). -Income Tax Return: To be filed annually.

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