How to Register an LLP online in India?
Follow the listed steps carefully while registering for LLP.
Step 1: Obtain Digital Signature Certificate (DSC)
All designated partners must obtain a Digital Signature Certificate (DSC) from a government-recognised certifying authority, as all LLP registration forms are filed online.
Step 2: Apply for Director Identification Number (DIN)
Designated partners must apply for a DIN. This can be done along with the LLP incorporation form, so a separate application is not required in most cases.
Step 3: Name Reservation for LLP
Apply for the reservation of the LLP name using the RUN-LLP (Reserve Unique Name – LLP) service on the Ministry of Corporate Affairs (MCA) portal. The name must comply with LLP naming guidelines.
Step 4: File LLP Incorporation Form (FiLLiP)
Once the name is approved, file the FiLLiP (Form for incorporation of LLP) on the MCA portal.
Details such as registered office address, partner information, and capital contribution must be provided.
Step 5: Pay Government Fees
Pay the prescribed government fees online based on the capital contribution of the LLP.
Step 6: Certificate of Incorporation
After verification, the Registrar of Companies (ROC) issues the Certificate of Incorporation, which includes the LLP Identification Number (LLPIN).
Step 7: File LLP Agreement
File the LLP Agreement in Form 3 on the MCA portal within 30 days of incorporation. The agreement defines the rights, duties, and profit-sharing ratio of the partners.
Step 8: Apply for PAN and TAN
Apply for the PAN and TAN of the LLP, which are required for taxation and statutory compliance.
Limited Liability Partnership Registration Number
An LLP registration Number, also known as the Limited Liability Partnership Identification Number (LLPIN), is a unique 7-digit alphanumeric code issued by the Registrar of Companies (ROC) upon incorporation. This number serves as the official identity of the LLP and is required for all filings and communications with the ROC. Once the applicant completes the registration process and submits the necessary documents, the ROC issues the certificate of incorporation containing the LLPIN of registration.
LLP Incorporation Certificate
An LLP incorporation certificate is the official document issued by the MCA that confirms the successful registration of a Limited Liability Partnership. Proves the LLP’s legal existence, granting it a separate identity to operate, open a bank account, enter into contracts, and more. The certificates are essential for all legal, financial, and compliance-related activities and should be securely stored.
How Much Time Does It Take To Register An LLP?
The LLP registration process can take around 10 to 15 working days. The registration time depends on several factors, like how fast you submit documents, how quickly the name is approved, and how efficiently the government process the application.
With expert guidance, you can make the process fast by eliminating errors in the filing of the application.
Timeline and procedure:
- Day 1-2: Apply for Digital Signature Certificate (DSC)
- Day 3-5: Name reservation via RUN-LLP ( Reserve Unique Name)
- Day 6-10: Filing incorporation forms with MCA (FiLLiP form)
- Day 11-15: Certificate of incorporation issued, LLP is officially registered
Approach Legal Infinix to save your time in the LLP registration process!
LLP Registration Cost In India
Registration costs for LLPs vary based on the capital contribution and professional services required for accurate submission.
- Name Reservation Fee: INRRs. 200 for filing the RUN-LLP form.
Incorporation Fee:
- INRRs. 500 for LLPs with capital contribution up to INRRs. 1 lakh
- INRRs. 2,000 for contributions between INRRs. 1 lakh to INR. 5 lakhs
- INRRs. 4,000 for contributions between INRRs. 5 lakhs to INRRs. 10 lakhs
- INRRs. 5,000 for contributions above INRRs. 10 lakhs
- Digital Signature Certificate: INRRs. 1,000 - INRRs. 3,000 per designated partner, depending on validation level and provider.
- DIN/DPIN Application: INRRs. 500 per designated partner.
- Professional Services: INRRs. 6,000 - INRRs. 15,000 for complete LLP registration assistance.
- LLP Agreement Drafting: INRRs. 3,000 - INRRs. 10,000, depending on complexity and customisation requirements.
- Stamp Duty for LLP Registration: Varies by state, typically ranging from 0.1% to 1% of the capital contribution.
LLP Registration Charges and Penalties
Penalties and consequences for incorrect or delayed LLP registrations and compliance can include fines, interest charges, and legal action, depending on the severity of the issue.
- Late Filing of LLP Agreement (Form 3): INRRs. 100 per day up to a maximum of INRRs. 5,000.
- Delayed Annual Returns (Form 11): Rs 100 per day for the period of delay.
- Late Filing of Statement of Accounts (Form 8): INRRs. 100 per day for the period of delay.
- Non-Compliance with Various Provisions: Penalties ranging from INRRs. 1,000 to INRRs. 5 lakhs, depending on the nature of the violation.
- Operating without Registration: Can result in personal liability for all partners and potential legal actions.
- False Statements in Documents: Penalties up to INRRs. 5 lakhs and potential criminal proceedings.
- Non-Disclosure of Interest by Partners: Fine up to INRRs. 1 lakh for the LLP and the concerned partner.
- Conducting Prohibited Business: Cancellation of registration and penalties up to INR. 5 lakhs.
What is the need for LLP Registration?
These are some of the reasons why you should have LLP registration:
- Limited Liability Protection
Shield partners’ assets from business liabilities.
Limits financial risk to the extent of the capital contribution made by each partner.
- Tax Benefits
Avoids double taxation applicable to companies.
No divided distribution tax on profit distribution to partners.
- Minimal Compliance Burden
Requires fewer statutory compliances compared to private limited companies.
Audit requirements are only applicable when turnover exceeds INRRs. 40 Lakhs.
- Flexible capital structure
No minimum capital requirement for formation.
Partners can contribute as per mutual agreement, with easy capital restructuring
- Business Continuity
Ensure perpetual succession regardless of changes in partnership.
Business operations run smoothly despite partners joining or leaving.
- Ease of Ownership Transfer
Facilitates smooth transfer of ownership with partner consent.
Allows flexible entry and exit mechanisms as per the LLP Agreement.
Why Choose Us?
Legal Infinix will provide you with expert legal guidance through our professional team, which is experienced in handling the LLP registration process across various business sectors. Our legal team will provide you with step-by-step guidance through the entire LLP registration process. From the documentation to getting the license in your hand, our team will assist you all along with the most transparent charges.
Feel free to contact our consultants at any time!