To register a Limited Liability Partnership (LLP) in India, you can follow the steps below:
Step 1: Obtain a Digital Signature Certificate (DSC) This is a mandatory requirement for all designated partners of the LLP, and it can be obtained from any government-approved agency.
Step 2: Obtain a Designated Partner Identification Number (DPIN) This is a unique identification number assigned to each designated partner of the LLP. You can apply for a DPIN online through the Ministry of Corporate Affairs (MCA) website.
Step 3: Reserve a name for the LLP You need to select a unique name for your LLP, which should not be similar to any other registered company or LLP name. You can check the availability of the name on the MCA website.
Step 4: Prepare the LLP Agreement This is a legal document that outlines the terms and conditions of the LLP and the roles and responsibilities of each partner. The agreement must be signed by all designated partners and notarized.
Step 5: File the incorporation documents Once the above steps are completed, you need to file the incorporation documents, including the LLP agreement, with the Registrar of Companies (ROC) online through the MCA website.
Step 6: Pay the requisite fees You need to pay the prescribed fees for registration of the LLP.
Step 7: Certificate of Incorporation Once the ROC approves the incorporation documents and fees, it will issue a Certificate of Incorporation, which marks the formal creation of the LLP.
Note that the entire process can take anywhere from 15-30 days, depending on the speed of approval and processing by the authorities. It is recommended to consult with a professional chartered accountant/ a company secretary or professional company to ensure compliance with all legal requirements and procedures.
To get started with the process to register a Private Limited Company in India- click here.