Limited Liability Partnership |
LLP - limited liability
partnership is one of
the highly recommended forms of corporate in which every partner enters the
company with limited liability where the profit and loss and other liabilities
have been shared as per the ratio of amount that they have invested while
joining the LLP. It is one of the most successful corporate forms that have
showed a huge success in short span of time.
LLP registration in India has taken place under LLP act 2008. It is quite distinct from
those of limited partnership firms as under LLP one partner is not held
responsible for another partner's negligence whereas under the Partnership Act
1890 there is joint liability.
Limited
Liability Partnership Registration Process and Services
LLP rules and guidelines usually vary as you proceed from one
country to another. Every country has separate criteria in respect of limited liability partnership registration process and services.
Here; in India: The
Limited Liability Partnership Act 2008 had got listed in the official Gazette
of India on January 9, 2009 whereas effected from 31 March 2009. Thus, it is necessary
to review and understand the exhaustive list of rules and regulations of LLP incorporation
or formation in the respective countries where you are required to form your
limited liability partnership firm.
There are few perquisites while forming a limited liability
partnership such as:
·
There should be not less than 2 partners to form LLP as per LLP act
2008 India.
·
There should at least 2 designated partners where these partners
should be individuals and one of them must be resident of India and have
Designated Partner Identification Number assigned by the Ministry of Corporate
Affairs.
·
Designated partners required to obtain digital signature
certificate number that is DPIN on filing an application under e-Form 7 before applying
for LLP registration in India.
·
Before filing an application; a LLP
name should be decided and approved from the desired associated authority.
Be sure name must be in compliance with guidelines of LLP and Ministry of
Corporate Affairs. An application for approval shall be filed in E-Form 1 to
the registrar of company.
·
An agreement should be formed and duly signed by all the
partners before filing an application in India.
·
Finally, an application for LLP
registration in India should be made in E-Form 2 to the registrar office of LLP.
Where all information about LLP require to mention in respect of ID Proof of
partners, full name and addresses, about agreement and lots more as per specified
guidelines. Know more about: international transfer pricing
Here,
we are glad to introduce you with best legal firm in India where you can call
at 011-43520194 or mail at info@carajput.com to
obtain registration or incorporation of LLP.
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