A Limited Liability Partnership (LLP) is a business structure that combines the elements of a partnership and a private limited company. It offers the benefits of limited liability protection, flexibility, and easy compliance. In this article, we will discuss the list of documents necessary for LLP company registration in India.
Before proceeding with the registration process, it is important to ensure that the eligibility criteria to register an LLP company in India are met. The following criteria must be fulfilled:
- There must be at least two partners who are Indian citizens and residents.
- The partners must be at least 18 years old.
- The partners must not be disqualified under the LLP Act or any other law.
The following documents are necessary for LLP company registration in India:
- PAN cards of the partners: PAN (Permanent Account Number) is a unique identification number assigned to individuals and businesses for tax purposes. It is mandatory for the partners to have a PAN card.
- Identity proof of the partners: The partners need to provide a valid identity proof, such as a passport or aadhaar card, as part of the registration process.
- Address proof of the partners: The partners need to provide a valid address proof, such as a utility bill or rental agreement, as part of the registration process.
- Passport-sized photographs of the partners: The partners need to provide recent passport-sized photographs as part of the registration process.
- LLP Agreement: The LLP Agreement is a document that specifies the terms and conditions of the partnership. It includes details such as the names of the partners, the nature of the business, the profit and loss sharing ratio, and the duties and responsibilities of the partners.
- Declaration of solvency: The partners need to provide a declaration of solvency, which is a statement that they are capable of paying off all debts.
The process of registering an LLP company in India involves the following steps:
- Obtain Digital Signature Certificates (DSCs) and Director Identification Numbers (DINs) for the partners:
The first step in the registration process is to obtain DSCs and DINs for the partners. A DSC is an electronic certification that is used to sign documents electronically. A DIN is a unique identification number assigned to a director of a company.
- Apply for Name Approval:
The next step is to apply for name approval from the Ministry of Corporate Affairs (MCA). The partners can check the availability of the desired name on the MCA website and then apply for name approval using the online form.
- Incorporate the LLP:
Once the name is approved, the partners can proceed with the incorporation of the LLP. This involves filing the necessary documents, including the LLP Agreement, with the MCA.
- Obtain PAN and TAN:
After the LLP is incorporated, the partners need to obtain a PAN