What is Limited Liability Partnership?


  • LLP is the latest form of business where the features of a partnership are combined with the features of a company.

  • It is a partnership where all the partner’s have limited and disjoint liability , i.e. the personal assets of the partners cannot be utilized to pay off firm’s liabilities and  individual partners have no joint liability created by another partner’s wrongful business decisions or carelessness.

  • Since, LLP contains elements of both a company and a partnership it is better known as a hybrid between a company and a partnership.

Get Complete details about LLP – Nature, Partners, Taxation, Conversion, Agreement, Provisions, Other LLP concepts, LLP eFiling , Integration of LLP with MCA21 System, etc. from the experts at LegalRaasta.

LLP Registration

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LLP registration in India


LLP registration in India is governed under The LLP Act,2008. It is regulated by MCA (Ministry of corporate affairs). LLP is registered with the ROC (Registrar of Companies). An application to register LLP has to be made online at the e-filing system or you can apply for LLP registration with us to get it done easily.We will take care of your entire application process.

 

FAQs


Here you can find everything you may want to know about the LLP registration in India. If you want to know more or in case of any other related query contact us at +91 8750008585 we will help you.

LLPs shall be registered with the Registrar of Companies (ROC) (appointed under the Companies Act, 1956) after following the provisions specified in the LLP Act. Every LLP shall have a registered office. An Incorporation Document subscribed by at least two partners shall have to be filed with the Registrar in a prescribed form. Contents of LLP Agreement, as may be prescribed, shall also be required to be filed with Registrar, online.
Contents of LLP Agreement or any changes made therein, if any, may be filed in Form 3 and details of partners/designated partners may be filed in Form 4 in accordance with LLP Rules, 2009. If you apply for LLP registration with us, you will not have to worry about any formalities we will do every formality for you.
Yes, the LLP Act 2008 allows Foreign Nationals including Foreign Companies & LLPs to incorporate a LLP in India provided at least one designated partner is resident of India. However, the LLP/Partners would have to comply with all relevant Foreign Exchange Laws/ Rules/ Regulations/ Guidelines.
Every limited liability partnership shall have either the words “limited liability partnership” or the acronym “LLP” as the last words of its name. LLPs would not be given names, which, in the opinion of the Central Government, are undesirable. Registrar would be under obligation to follow such rules, which would be framed by the Central Government in connection with allotting names to LLPs. There are also provisions in respect of ‘rectification of name’ in case two LLPs have been registered with the same name, inadvertently.
The name can be reserved by ROC on approval of Form 1, for a period of 3 months from the date of intimation by the Registrar. However, Foreign LLP/Companies have an option to reserve their existing names, under which they are operating outside India, for a period of 3 years in India, which can be further renewed on application to Registrar in Form 25.
It has been provided in the Act that a document may be served on a LLP or a partner or designated partner by sending it by post or by any other mode (to be prescribed under Rules) at the registered office and any other address specifically declared by the LLP for the purpose in such form and manner as may be prescribed (in the rules). Thus, an LLP shall have option to declare one more address (other than the registered office) for getting statutory notices/letters etc. from Registrar.