Thursday 27 March 2014

LLP Registration India

LLP - limited liability partnership is one of the highly recommended forms of corporate in which every partner enters the company with limited liability where the profit and loss and other liabilities have been shared as per the ratio of amount that they have invested while joining the LLP. It is one of the most successful corporate forms that have showed a huge success in short span of time.

LLP registration in India has taken place under LLP act 2008. It is quite distinct from those of limited partnership firms as under LLP one partner is not held responsible for another partner's negligence whereas under the Partnership Act 1890 there is joint liability.

Limited Liability Partnership Registration Process and Services

LLP rules and guidelines usually vary as you proceed from one country to another. Every country has separate criteria in respect of limited liability partnership registration process and services.

Here; in India: The Limited Liability Partnership Act 2008 had got listed in the official Gazette of India on January 9, 2009 whereas effected from 31 March 2009. Thus, it is necessary to review and understand the exhaustive list of rules and regulations of LLP incorporation or formation in the respective countries where you are required to form your limited liability partnership firm.

There are few perquisites while forming a limited liability partnership such as:

•    There should be not less than 2 partners to form LLP as per LLP act 2008 India.
•    There should at least 2 designated partners where these partners should be individuals and one of them must be resident of India and have Designated Partner Identification Number assigned by the Ministry of Corporate Affairs.
•    Designated partners required to obtain digital signature certificate number that is DPIN on filing an application under e-Form 7 before applying for LLP registration in India.
•    Before filing an application; a LLP name should be decided and approved from the desired associated authority. Be sure name must be in compliance with guidelines of LLP and Ministry of Corporate Affairs. An application for approval shall be filed in E-Form 1 to the registrar of company.
•    An agreement should be formed and duly signed by all the partners before filing an application in India.
•    Finally, an application for LLP registration in India should be made in E-Form 2 to the registrar office of LLP. Where all information about LLP require to mention in respect of ID Proof of partners, full name and addresses, about agreement and lots more as per specified guidelines.

Here, we are glad to introduce you with best legal firm in India where you can call at 011-2334333 or mail at info@caindelhiindia.com  to obtain registration or incorporation of LLP.

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