Due To High Volume Of Calls At Our Call Center, If At Any Point of Time Your Call Goes Unanswered, Don't Worry! We'll Call You Back Within Next 2 Hours. Sorry For The Inconvenience Caused.
LLP Registration PDF Print E-mail

Click Here To Get Quote For LLP Registration

 

1. With the growth of the Indian economy, the role played by its entrepreneurs as well as its technical and professional manpower has been acknowledged internationally.  It is felt opportune that entrepreneurship, knowledge and risk capital combine to provide a further impetus to India’s economic growth. In this background, a need has been felt for a new corporate form that would provide an alternative to the traditional partnership, with unlimited personal liability on the one hand, and, the statute-based governance structure of the limited liability company on the other, in order to enable professional expertise and entrepreneurial initiative to combine, organize and operate in flexible, innovative and efficient manner.

2. The Limited Liability Partnership (LLP) is viewed as an alternative corporate business vehicle that provides the benefits of limited liability but allows its members the flexibility of organizing their internal structure as a partnership based on a mutually arrived agreement. The LLP form would enable entrepreneurs, professionals and enterprises providing services of any kind or engaged in scientific and technical disciplines, to form commercially efficient vehicles suited to their requirements. Owing to flexibility in its structure and operation, the LLP would also be a suitable vehicle for small enterprises and for investment by venture capital.

3. Keeping in mind the need of the day, the Parliament enacted the Limited Liability Partnership Act, 2008 which received the assent of the President on 7th January,2009.

The salient features of the LLP Act 2008 inter alia are as follows: -

(i) The LLP shall be a body corporate and a legal entity separate from its partners. Any two or more persons, associated for carrying on a lawful business with a view to profit, may by subscribing their names to an incorporation document and filing the same with the Registrar, form a Limited Liability Partnership.  The LLP will have perpetual succession;

(ii) The mutual rights and duties of partners of an LLP inter se and those of the LLP and its partners shall be governed by an agreement between partners or between the LLP and the partners subject to the provisions of the LLP Act 2008 .  The act provides flexibility to devise the agreement as per their choice.  In the absence of any such agreement, the mutual rights and duties shall be governed by the provisions of proposed the LLP Act;

(iii) The LLP will be a separate legal entity, liable to the full extent of its assets, with the liability of the partners being limited to their agreed contribution in the LLP which may be of tangible or intangible nature or both tangible and intangible in nature. No partner would be liable on account of the independent or un-authorized actions of other partners or their misconduct. The liabilities of the LLP and partners who are found to have acted with intent to defraud creditors or for any fraudulent purpose shall be unlimited for all or any of the debts or other liabilities of the LLP;

(iv) Every LLP shall have at least two partners and shall also have at least two individuals as Designated Partners, of whom at least one shall be resident in India. The duties and obligations of Designated Partners shall be as provided in the law;

(v) The LLP shall be under an obligation to maintain annual accounts reflecting true and fair view of its state of affairs. A statement of accounts and solvency shall be filed by every LLP with the Registrar every year. The accounts of LLPs shall also be audited, subject to any class of LLPs being exempted from this requirement by the Central Government;

(vi) The Central Government have powers to investigate the affairs of an LLP, if required, by appointment of competent Inspector for the purpose;

(vii) The compromise or arrangement including merger and amalgamation of LLPs shall be in accordance with the provisions of the LLP Act 2008;

(viii) A firm, private company or an unlisted public company is allowed to be converted into LLP in accordance with the provisions of the Act. Upon such conversion, on and from the date of certificate of registration issued by the Registrar in this regard, the effects of the conversion shall be such as are specified in the LLP Act. On and from the date of registration specified in the certificate of registration, all tangible (moveable or immoveable) and intangible property vested in the firm or the company, all assets, interests, rights, privileges, liabilities, obligations relating to the firm or the company, and the whole of the undertaking of the firm or the company,  shall be transferred to and shall vest in the LLP without further assurance, act or deed and the firm or the company,  shall be deemed to be dissolved and removed from the records of the Registrar of Firms or Registrar of Companies, as the case may be;

(ix) The winding up of the LLP may be either voluntary or by the Tribunal to be established under the Companies Act, 1956. Till the Tribunal is established, the power in this regard has been given to the High Court;

(x) The LLP Act 2008 confers powers on the Central Government to apply provisions of the Companies Act, 1956 as appropriate, by notification with such changes or modifications as deemed necessary.  However, such notifications shall be laid in draft before each House of Parliament for a total period of 30 days and shall be subject to any modification as may be approved by both Houses;

(xi) The Indian Partnership Act, 1932 shall not be applicable to LLPs.

Click Here To Get Quote For LLP Registration

 

veracity, veracity legal, company formation, company registration, trademark registration, trademarks, digital signatures, digital signature, llp registration, llp formation, domain name registration, web hosting, online payment gateway, online lpo, lpo online, veracity legal services, company formation services, incorporation services, application for trademark,cheap trademark registration,company registration,corporate law firm,india trade mark,indian trademark,indian trademark registration,intellectual property attorney,intellectual property attorneys,intellectual property consultants,intellectual property firms,intellectual property law firm,intellectual property law firms,intellectual property lawyer,intellectual property lawyers,intellectual property services,internet trademark registration,ip law firms,logo trademark registration,online trademark,online trademark registration,register a trade mark,register a trademark,register trade mark,register trade marks,register trademark in india,register trademark india,register trademarks,register your trademark,registering a trademark,registering trade marks,registering trademark,registering trademark in india,registering trademarks,registration of trade mark,registration of trade marks,registration of trademark,registration of trademarks,registration trade mark,registration trademark,tm registration,trade mark,trade mark agent,trade mark agents,trade mark application,trade mark attorney,trade mark attorneys,trade mark law firm,trade mark lawyer,trade mark lawyers,trade mark registeration,trade mark registration,trade mark registrations,trade mark search,trade mark services,trade marks,trade marks india,trade marks registration,trade-mark,trademark,trademark a logo,trademark a name,trademark agency,trademark agent,trademark agent india,trademark agents,trademark application,trademark application india,trademark applications,trademark attorney,trademark attorney india,trademark attorneys,trademark companies,trademark company,trademark consultant,trademark consultants,trademark copyright,trademark cost,trademark filing,trademark india,trademark law firm,trademark law firms,trademark lawyer,trademark lawyers,trademark logo,trademark logo registration,trademark nagpur,trademark name,trademark names,trademark reg,trademark register,trademark registeration,trademark registeration india,trademark registration,trademark registration application,trademark registration cost,trademark registration india,trademark registration services,trademark registrations,trademark service,trademark services,trademark tm,trademarks,trademarks attorneys,trademarks india,trademarks registration,tradmark registration, business company formation,business formation,cheap company formation,cheap company formations,cheap company registration,cheapest company formation,comapny formation,companies formation,companies formations,companies incorporation,companies registration,company business registration,company formation,company formation advice,company formation agency,company formation agent,company formation agents,company formation companies,company formation costs,company formation in india,company formation india,company formation lawyer,company formation mumbai,company formation package,company formation procedure,company formation registration,company formation service,company formation services,company formation solicitor,company formations,company incorporate,company incorporation,company incorporation agent,company incorporation india,company incorporation service,company incorporation services,company incorporations,company name formation,company register,company registration,company registration bangalore,company registration companies,company registration hyderabad,company registration in chennai,company registration in delhi,company registration india,company registration mumbai,company registration services,company registrations,corporation formation,cost to register a company,formation of a company,formation of a company in india,formation of a limited company,formation of a private company,formation of a private limited company,formation of companies,formation of company,formation of company in india,formation of new company,formation of private limited company,formation of public limited company,formation of the company,forming a company,forming a ltd company,forming a new company,forming a private limited company,forming companies,forming company,how to form a private limited company,how to incorporate a company,how to register a company,how to register company,how to register my company,how to register the company,how to register your company,i want to register my company,incorporate a company,incorporate companies,incorporate company name,incorporate your company,incorporating a company,incorporating companies,incorporating company,incorporation,incorporation of a company,incorporation of a private limited company,incorporation of companies,incorporation of company,incorporation of the company,incorporation online,incorporation services,indian company formation,limited company formations,limited company incorporation,limited company registration,limited company setup,limited liability company formation,ltd company formation,ltd company formations,ltd company incorporation,new company formation,new company formation in india,new company formations,new company incorporation,new company registration,new company registration in india,new limited company,online company formation,online company formations,online company incorporation,online company registration,private company formation,private company registration,private limited company formation,private limited company registration,private limited company registration in india,procedure to register a company,public company formation,public limited company formation,pvt ltd company registration,quick company formation,quick company formations,register a company,register a limited company,register a ltd company,register a new company,register a private limited company,register as limited company,register companies,register limited company,register ltd company,register my company,register new company,register new company name,register private company,register private limited company,register software company,register the company,register your company,register your company name,registering a company,registering a limited company,registering a new company,registering companies,registering company,registering company india,registration of company,same day company formation,set up a limited company,set up limited company,setting up a limited company,setting up a ltd company,setting up a private company,setting up a private limited company,setting up limited company,setting up private limited company,starting a limited company,starting a private limited company,where to register a company, ashish tarwani, ashish kumar, cyber crime investigator, cyber lawyer, nagpur lawyer, nagpur, company registration, trademark registration, digital signature, cyber lawyer, india, nagpur, trademark, company, private limited, limited liability partnership, legal process outsourcing, lpo, ashish tarwani, law firm, legal service provider, legal transcription, veracity legal, iso certification, cyber crime investigator, corporate lawyer, tcs, ncode, (n)code, dsc, cyber crime cell, digital signature,digital signatures,digital signature certificate,tcs digital signature,ncode digital signature,digital signature form,income tax digital signature,digital signature cost,how to get digital signature,digital signature india,mtnl digital signature,n code digital signature,digital signature application form,make digital signature,digital signatures india,free digital signature,class 2 digital signature,digital signature price,digital signature for income tax,online digital signature,digital signature income tax,digital signature process,class 3 digital signature,tcs digital signature form,get digital signature,digital signature providers,buy digital signature,mca21 digital signature,create digital signature,digital signature registration,tcs digital signature certificate,class 2 dsc,mca digital signature,tcs digital signatures,digital signature requirements,digital signatures certificates,make a digital signature,digital signature creation,mtnl digital signature certificate,purchase digital signature,digital signature for efiling,digital signature certificates,how to get a digital signature,electronic digital signatures,get a digital signature,nic digital signature,digital signature for mca,digital signature encryption,pki digital signature,digital signature services,types of digital signature,digital signature demo,tcs digital certificate,electronic signature digital signature,digital signature for it return,sign digital signature,personal digital signature,digital signature provider in india,efiling,electronic digital signature,efiling returns,digital signature solution,digital signature solutions,digital signature technology,outlook digital signature,digital signatures and certificates,legal digital signature,multiple digital signatures,digital signature program,digital signature certificate india,digital signature certificate authority,dsc india,digital signatures outlook,dsc token,dsc for mca,digital signature mca,instant digital signature