The Incorporation means the formation of a new company. The corporation may include a company, a business, a start-up, a non-profit organization, a micro, small or medium enterprise. MCA governs the corporate affairs in India under the Companies Act. 1956, 2013 and other related Acts, Rules and Bills. MCA also offers many services to the company owners. The Ministry is mostly concerned with the regulation of Companies Act,2013. It is also involved in the Companies Act, 1956 and Limited liability Act, 2008. In Limited Liability Partnership, every partner shares the limited liabilities and is a separate legal entity. The owners of LLC are known as members and these members are not accountable to each other. LLP’s can continue to exist even if the partners change. It therefore can exhibit elements of partnerships and corporations.
Digital Signature Certificate (DSC): Before starting the process of registration, you must enrol for the DSC before starting the process of registration, you must enrol for the DSC(Digital Signature Certificate) of the designated partners of the proposed LLP (Limited liability partnership). Applying for DSc is important because the registration process of LLP is done online and requires to be digitally signed. the designated partners of the proposed LLP. Applying for DSc is important because the registration process of LLP is done online and requires to be digitally signed. So, the LLP partners must get the DSC from government-approved certifying agencies.
Application of DIN and DPIN: After applying for DSC(Digital Signature Certificate) the next step is to enrol for DPIN(Designated Partner Identification Number) and DIN(Director Identification Number) application for the proposed Partners of the LLP. Within a timeframe of 5 to 7 working days, DPIN and DIN. The application for allotment of DIN has to be made in Form DIR-3. You have to add the scanned copy of Aadhaar and PAN to the form. The form needs to be signed by a Company Secretary in full- time employment of the company or by the Managing Director, Director or CEO(Chief Executive Officer) of the existing company in which the candidate shall be designated as a director.
Name Approval and Reservation with ROC: LLP-RUN i.e. Limited Liability Partnership-Reserve Unique Name needs to registered for the reservation of name of proposed LLP. This is further treated by the Central Registration Centre under Non-STP. But before circulating the name in the form, it is suggested that you use the free name search facility on LegalRaasta portal. The system will give the list of exactly resembling names of existing LLPs. 1-6 is the limit proposed names are expected to be given to the MCA. The registrar will approve the name only if the name is not useless in the opinion of the Central Government and does not match any existing partnership firm or an LLP. The Name approval process will take 5 to 7 working days. A re-submission of the form is made15 days in case of rejection.
MOA & AOA Submission: Once the name is approved, one requires to draft Memorandum of association and articles of Associate. both MOA and AOA are registered with the MCA with the agreement statement. the Memorandum of Association (MOA) defines the company's relationship with its shareholders.
Get Incorporation Certificate of LLP: The form used for incorporation is FiLLiP(Form for incorporation of Limited Liability Partnership) which must be registered with the Registrar who has jurisdiction over the state in which the registered office of the LLP(Limited liability partnership) is located.The form will be an integrated form. Incorporation documents can be presented to the MCA along with an application for incorporation. MCA will approve the application for incorporation within 5 to 7 days. Incorporation certification is proof that the company has been formed. It also involves your CIN(Corporate Identity Number) number.
Appeal for PAN, TAN and Bank account: Before starting the process of registration, you must enrol for the DSC(Digital Signature Certificate) of the designated partners of the proposed LLP. Applying for DSc is important because the registration process of LLP (Limited liability partnership) is done online and requires to be digitally signed. .
Register for LLP(limited liability partnership) Agreement: LLP (limited liability partnership) agreement oversees the mutual rights and duties between the LLP and its partners.LLP agreement must be registered in Form 3 which is to be filled in 30 days of the date of incorporation.
Taking loans in the name of the company and invest into another company.
Director of the company can enjoy all the related tax benefits for LLP
Company acquires the power to hold, take and dispose of property from time of formation
To build a podium to deal with the great suppliers, industries and customers.
A limited liability partnership (LLP) is a partnership in which some or all partners have limited liabilities. It therefore can exhibit elements of partnerships and corporations.
Limited liability protects the member’s personal assets from the liabilities of the business. You can operate the LLP with different levels of membership.
The compliances and disclosures in the LLP form of business are simple and less complex compared to the Company. An LLP is a body corporate
LLPs are required to have its accounts audited by a practicing Chartered Accountant if its annual turnover, in any financial year 40 lakhs exceeds
Run – LLP Reserve Unique Name-Limited Liability Partnership- A form for reserving a name for the LLP
File LLP – A Form for incorporation of LLP
Form 5 - Notice for change of name
Form 17 - Application and statement for the conversion of a firm into LLP
Form 18 - Application and Statement for conversion of a private company or unlisted public company into LLP
Sent the required business details and information to our E-mail.
Choose our packages and pay online with different payment modes available.
After the successful payment, we will then apply for DSC and DIN
We will then check LLP’s name availability and apply for name approval.
Our professionals then prepare the MOA and AOA.
We will file the LLP documents and get you the certificate applying PAN and TAN.
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