Explore our detailed guide on the documents required for LLP Registration in India. We have explained each and every requisite document and their purpose for your easy and convenient understanding.
Limited Liability Partnerships (LLPs) are hybrid business structures that combine the best features of limited companies with that of traditional partnership firms. Such a combination allows professional expertise and entrepreneurial initiatives to grow and operate in a flexible, innovative, and efficient manner. Limited Liability Partnerships are governed by the Limited Liability Partnership Act of 2008, which makes its registration mandatory for carrying a distinct legal identity.
Registering a Limited Liability Partnership can be a daunting task especially when the applicant is unable to successfully file its application. This application must not only be filled out with accurate information about the LLP but also contain the necessary documents required for LLP Registration. Read further to get a complete insight on the LLP registration application process, with detailed explanations on the list of documents required for LLP registration.
How to Start a Limited Liability Partnership Business?
Starting a Limited Liability Partnership business in India is a rather easy procedure if you understand all the intricacies associated with it. These prominently include the requirements to set up an LLP, its incorporation process, and most importantly, the documents required for LLP Registration. Note that LLP Registration is a mandatory compliance, so understanding these aspects is crucial to ensure a successful registration.
Minimum Requirements to Set Up an LLP
Minimum Requirements entail the minimum eligibility conditions to set up an LLP in India. These requirements are prescribed under the LLP Act and LLP (Incorporation) Rules. Fulfilling all these requirements is a prerequisite for LLP Incorporation. So, only after all these requirements are met, you can begin the application process for LLP Registration. A complete list of all these requirements have been given below.
- Number of partners: To register an LLP, a minimum of two partners are needed. However, there is no maximum limit on the number of partners that an LLP can have.
- Prescribed Minimum Capital: Although there is no minimum amount of capital prescribed to set up an LLP. However, the partners must infuse sufficient capital for the smooth functioning of the business.
- Number of Designated Partners: Unlike the partners of a Partnership firm, the partners of an LLP are not obligated to control the management of the business. For this purpose, the partners may appoint designated partners, their minimum number being 2, with the requirement of at least 1 who is an Indian Resident. The maximum number of Designated Partners that a firm can have is 15.
- Unique and Valid Name: The name of the LLP must be distinct, original and not identical to the name of an existing company or LLP. Also the name must not be similar to a registered or an applied trademark. Read our blog on name guidelines to know more about how to select a valid name for an LLP.
- Registered Office Address: The LLP must have a registered address for its principal office or place of business before it begins the process of its formation and Registration.
Stepwise Process of LLP Registration
After fulfilling the above requirements, you can proceed with the application process for LLP Registration. The process involves following a series of steps, including filing an application to the Registrar of Companies. After the process is completed, the Registrar will grant a Certificate that will conclusively prove the registration. Here’s a detailed guide to help you navigate the process easily and conveniently.
- Obtain Partner’s DSC & DPIN: The application for LLP Registration is completely online. So, it must be authenticated using the Digital signature of partners. Moreover, Designated Partners must have their DPIN before appointment. These are essential for filing the necessary documents online and ensuring the authenticity of the partners.
- Name Approval of LLP: Choose a unique name for your LLP and submit it to the Registrar of Companies (ROC) for approval. It’s important to ensure that the name adheres to the prescribed naming guidelines and isn’t already registered by another entity.
- Apply for LLP Registration: After obtaining the DPIN and securing name approval, you can proceed to file the LLP registration application with the ROC. This application includes details about the partners, their contributions, and the LLP’s registered office address.
- Upload Documents: Uploading the prescribed documents required for LLP Registration is crucial for completing the application process. Documents include the KYC documents of partners, proof of registered office address, NOC from the owner of office property and legal drafts like MOA & AOA.
- Submit Application & Pay Application Fee: Once all documents required for LLP Registration are uploaded and the application is duly filled out, you need to submit it to the ROC. Along with the application, you must pay the prescribed application fee, which varies based on the LLP’s capital contribution.
- Get LLP Registration Certificate: The completed application is examined by the ROC. If every detail and document is found to be correct, it registers your LLP and grants a Certificate of Incorporation in its name.
- Submit LLP Agreement: After the LLP is registered, you must draft an LLP agreement that outlines the rights, duties, and responsibilities of the partners and the LLP itself. This agreement should be submitted to the ROC within 30 days of registration. It’s a crucial document for governing the LLP’s operations.
What are the Documents Required for LLP Registration in India?
The documents required for LLP registration can be categorised into the documents of all partners, of the applicant designated partner, of the registered business address, and other legal drafts. We have listed below all documents that are necessary for LLP registration in India. A failure to furnish any of these documents can result in the rejection of your LLP registration application form.
Digital Signature Certificate & DPIN
Digital Signature Certificate (DSC) is one of the most crucial documents required for LLP registration. It is used to authenticate the origin of the application and the identity of the applicant. Moreover, since it is designed for the digital medium, it is perfect to be used for signing the application and documents of LLP Registration. All partners of the LLP must acquire their digital signatures before beginning the application process.
DPIN or Designated Partner Identification Number is a unique number allotted to every designated partner of the LLP before their appointment. It serves as their unique identifier for all compliance purposes. This includes LLP Registration as well, where the application seeks the DPIN of all Designated Partners before it is finally submitted to the ROC. DPIN can be acquired by filing an appropriate application on the MCA website. Once allotted, it has a lifetime validity with no requirement for renewal whatsoever.
Partner’s Documents Required for LLP Registration
These documents are submitted by all partners of LLP. They are required to submit their Identity Proof, Address Proof, PAN, and Passport Size Coloured Photograph. These documents verify the identity and credentials of partners to establish their association with LLP during incorporation.
Partners' Identity Proof
All partners, including the designated partners must produce any of the following documents as a proof of their identity:
- Voter ID
- Passport
- Driver’s licence
- Aadhaar card
Along with the ID proof, the PAN cards of all partners are also required for the incorporation of the LLP. If the partner is a foreigner, passport submission would be mandatory. Since the passport has a foreign origin, it must be legalised before submission. Finally, make sure the documents contain accurate and updated information.
Partners’ Address proof
All partners, including the designated partners must submit their personal address proofs, not older than 2 months from the date of application. For this purpose, any one of the following documents can be submitted:
- Bank Statement
- Electricity bill
- Telephone bill
- Water bill
Registered Office Documents Required for LLP Registration
Registered Office is the address of the company with which it gets incorporated. Moreover, this place is considered as the official correspondence address of the company for all communication purposes. It is here that the company maintains all its official documents and account books for inspection by tax and regulatory authorities. To successfully apply for LLP Registration, it is crucial to submit certain documents related to the Registered Office Address. Given below is a complete list of all such registered office documents required for LLP Registration.
- Proof of Registered Office Address: During incorporation, a proof of Registered Office address must be submitted. For this, the applicant can provide any recent utility bill in the company’s name. The bill must not be older than 2 months from the date of application and must contain the accurate registered address on it.
- No Objection Certificate: No Objection Certificate is issued by the owner of the office property. The owner declares that he does not have any objection to the company opening its registered office on his property. It is drafted in a specific format and signed by the property owner. The NOC is a crucial document required for LLP Registration.
Conclusion
LLP registration is a structured process of setting up a business with the benefits of limited liability and a flexible business structure. To successfully navigate this process, aspiring entrepreneurs must ensure they have all the necessary documents required for LLP Registration. Some of these include digital signatures, Partners KYC documents, proof of registered address, NOC from the property owner and so on. By diligently submitting these documents to the ROC, entrepreneurs can set up their LLP businesses with ease, knowing they have fulfilled all legal compliances prescribed under law.
FAQs
Q1: What are the key documents required for LLP Registration?
The essential documents required for LLP registration include Digital Signature Certificates (DSC) and Designated Partner Identification Numbers (DPINs) for partners, proof of registered office address, identity and address proofs of partners, and NOC from the owner of office property. These documents are necessary to establish the authenticity of the LLP and its partners.
Q2: Do foreign partners in an LLP also need to provide documents for registration?
Yes, foreign partners in an LLP must provide their KYC documents for LLP registration, which must be legalised in the country of origin. These documents are crucial to meet regulatory compliance and ensure the legitimacy of foreign partners.
Q3: Can I use my residential address as the registered office address of LLP?
Yes, you can use your residential address as the registered office of LLP. The registered office documents required for LLP registration include proof of address, and a No Objection Certificate (NOC) from the property owner.
Q4: How do I obtain a Digital Signature Certificate (DSC) and DPIN for LLP registration?
DSC and DPIN of partners are essential documents required for LLP Registration. DPIN can be acquired by filing an application on the MCA website. It has lifetime validity without any need for renewal. DSC can be acquired by filing applications to licensed agencies. These are issued for a maximum validity of 3 years, after which they can be renewed for continuity.
Q5: What happens if I don't provide all the necessary documents for LLP registration?
Failure to provide the documents required for LLP registration can result in delays or complete rejection of LLP application. It’s crucial to ensure all documents are complete and accurate to avoid complications in the registration process.
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