LLP registration in Indore, process,eligibility, documents

Limited Liability Partnership Registration in Indore

Limited Liability Partnership (LLP) is a body corporate formed and registered under the Limited Liability Partnership Act, 2008 and is a legal entity separate from that of its partners. LLP has perpetual succession. Any change in the partners of LLP shall not affect the existence, rights or liabilities of the LLP.

Every LLP shall have at least two designated partners who are individuals and at least one of them shall be resident in India. In case of an LLP in which all the partners are bodies corporate or in which one or more partners are individuals and bodies corporate, at least two individuals who are partners of such LLP or nominees of such bodies corporate shall act as designated partners.

Minuimum Requirements for Limited Liability Partnership Registration in Indore

Minimum 2 shareholders
One of the Directors must be Indian Resident
DSC(Digital Signature Certificate) for two directors

Minimum 2 Directors
No Minimum Authorised Share Captial

The directors and the shareholders can be same person
DIN(Director Identification number) for 2 Directors

Documents Required for Private Limited Company Registration

From Partner sd

Copy of PAN (in case of resident)
Copy of Passport (in case of non-resident)
Copy of proof of identity (Voters ID/ Passport/ Driving License)
Copy of residential proof (Bank Statement/Telephone Bill/ Mobile Bill/ Gas Bill), (Any one, not older than 2 months)
Disclosure of interest in other entities*
Consent Letter*

From LLP

Copy of Sale deed/ Property Deed (in case of owned property) or Lease Deed (in case of rented premises)
Copy of Telephone or Mobile/Electricity or Gas Bill of registered office (Any one, not older than 2 months)
No-objection Certificate from the owner from the owner of the premises for its use as registered office
Subscriber Sheet*
LLP Agreement*

Note 1: *Draft will be provided by our team

Advantages of a Private Limited Company Formation

Separate Legal entity

As a juristic legal person, both the company and its members have separate legal identity that is distinct from each other.

Perpetual Succession

A company existence is uninterrupted, even the death or insolvency of shareholder(s)/ directors cannot affect the continuity of business of the company.

Limited Liability

The liability of members of a private limited company is limited to the amount of share capital remaining unpaid on the shares held by them.

Easy transferability of ownership

The ownership in a private limited company is easily transferable by way of transfer of shares from one member to another subject to the restriction that the total number of members of a private limited company cannot exceed 200.

FDI Allowed

In Private Limited Comapny, 100% Foreign Direct Investment is allowed that means any foreign entity or foregin person can directly invest in a Private Limited Company.

Builds Cerdibility

The particulars of the company are the available on a public database. Which improves the cerdibility of the company as it makes it easy to authenticate the details.

Select A Package	BASIC	STANDARD	PREMIUM
Government Fee	According to State	According to State	According to State
Professional Fee	Rs.4,999/-	Rs. 9,999/-	Rs. 29,999/-
1 Name Approval 2 DSC, 2 DIN, Authorised Capital upto Rs. 100,000/-, MOA, AOA, CIN, PAN, TAN, ESIC & EPF, Bank Account Opening, Certificate of Incorporation (COI)	Included	Included	Included
2 e-Copies of Share Certificates	Included	Included	Included
GST Registration	Included	Included	Included
DIR 3 e-KYC of 2 Directors	Rs. 2,500/-	Included	Included
INC-20A Filing	Rs. 1500/-	Included	Included
MSME Registration	Rs. 2,000/-	Included	Included
Trademark Application for Individual and MSMEs (1 CLASS)	Rs. 7,500/-	Rs. 7,500/-	Included
Appointment of 1st Auditor (For 1^st Financial Year)	Rs. 5,000/-	Rs. 5,000/-	Included
ROC Annual Filling Package Form ADT 1 (Auditor Appointment in AGM) Form AOC -4 (Form for filing financial statement and other documents with the Registrar) Form MGT -7 (Form for filing annual return by a company)	Rs. 10,000/-	Rs. 10,000/-	Included
1st Income Tax filing upto turnover of Rs. 50 Lakhs	Rs. 3000/-	Rs. 3000/-	Included
	4,999/-	9,999/	29,999/

Frequently Asked Questions

How many people are required to incorporate a LLP?

Minimum two people / partners are required to incorporate a LLP and there is no limit on maximum number of Partners. At least one of the people should be resident in India.

Explanation. For the purposes of this section, the term resident in India means a person who has stayed in India for a period of not less than one hundred and twenty days during the financial year.

Do I have to be present in person to incorporate a LLP?

No, you are not required to be present at our office or appear at any office for the incorporation of a LLP. All the documents can be scanned and sent through email and the original hard copy can be couriered to our office.

What do I need to quickly incorporate my LLP?

To incorporate a LLP quickly, make sure the proposed name of the LLP is very unique. Names that are similar to an existing company / limited liability partnership / trademark can be rejected and additional time will be required for re-submission of names.

What are the annual compliance requirements for LLP?

LLP is required to file Form 8 and Form 11 with the Registrar annually. Further, the financial statements of LLP are required to be audited in case its turnover exceeds Rs. 40,00,000 or capital contribution exceeds Rs. 25,00,000.

What is a Designated Partner Identification Number (DPIN)?

DPIN is a unique identification number assigned to all existing and proposed designated partners of a LLP. It is mandatory for all present or proposed partners to have a DPIN. DPIN never expires and a person can possess only one DPIN.

Who can be a Designated Partner?

Every LLP shall be required to have at least two Designated Partners who shall be individuals and at least one of the Designated Partner shall be a resident of India. In case of an LLP in which all the partners are bodies corporate or in which one or more partners are individuals and bodies corporate, at least two individuals who are partners of such LLP or nominees of such bodies corporate shall act as designated partners.

Is Foreign Direct Investment (FDI) allowed in LLP?

Yes, Foreign Direct Investment can be made by a person resident outside India on a repatriable basis in the capital of an LLP.

How can we apply for the reserved name of a LLP?

For reservation of name of a LLP, Form RUN LLP is required to be filed with the Registrar of Companies with two proposed names.

Are LLPs allowed to do any charitable business?

No, LLPs are only allowed to do any lawful business that is carried out with a view to earn profit.

Is an office required for starting a LLP?

Any commercial/industrial/residential premises can be used as a registered office of the LLP in India where communication from MCA will be received for the purpose of smooth functioning of the business.

What is a Digital Signature Certificate?

A Digital Signature Certificate (DSC) establishes the identity of the signee electronically while filing documents. The Ministry of Corporate Affairs (MCA) mandates that e-form(s) submitted on the MCA portal are digitally signed using DSC.

Can an existing partnership firm or company be converted to LLP?

Yes, an existing partnership firm or a company that is unlisted can be converted into LLP. There are many advantages to converting a partnership firm or a company into LLP.

Can a minor be appointed as a partner in a LLP?

The Designated Partner needs to be over 18 years of age and must be a natural person. Even foreign nationals can be appointed as a Partner. In case of an LLP in which all the partners are corporate bodies, at least two individuals who are partners of such LLP.

Whether a body corporate may be a partner of an LLP?

Yes, a corporate body can become a partner of a LLP.

Which sectors are prohibited by the Government for foreign investment?
Investment by person resident outside India is prohibited in certain sectors namely:
1. Lottery business including Government/ private lottery, online lotteries;
2. Gambling and betting including casinos;
3. Chit funds (except for investment made by NRIs and OCIs on a non- repatriation basis);
4. Nidhi company;
5. Trading in Transferable Development Rights (TDRs);
6. Real Estate Business or Construction of Farm Houses;
7. Manufacturing of cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes. The prohibition is on manufacturing of the products mentioned and foreign investment in other activities relating to these products including wholesale cash and carry, retail trading etc. will be governed by the sectoral restrictions laid down in Regulation 16 of FEMA 20(R);
8. Activities/ sectors not open to private investment viz. atomic energy and railway operations;
9. Foreign technology collaboration in any form including licensing for franchise, trademark, brand name, management contract is also prohibited for Lottery business and Gambling and betting activities

What are the entry routes for making Foreign Direct Investment in India?

Foreign direct investment in India has mainly two entry routes- Automatic Route and Government Route. Automatic Route is the entry route through which investment by a person resident outside India does not require the prior Reserve Bank approval or Government approval.

Government Route is the entry route through which investment by a person resident outside India requires prior Government approval. Foreign investment received under this route shall be in accordance with the conditions stipulated by the Government in its approval.

What is the Minimum and Maximum strength required to
incorporate a private limited company?

For setting up a private limited company, minimum of 2 and maximum of 200 shareholders are required. In addition, minimum of 2 and maximum of 15 directors can be appointed by any private limited company. There is no restriction on a Member of a Private Limited Company to be a Director of the same company or asvice versa.
Do I have to be present in person to incorporate a Private
company?

No, you are not required to be present at our office or appear at any office for the incorporation of a Private Limited Company. All the documents can be scanned and sent through email and the original hard copy can be couriered to our office.
How long is the incorporation of the company valid for?

Once a Company is incorporated, it will be active and in-existence until you liquidate it either by striking-off or winding up.
Which sectors are prohibited by Government for foreign
investment?
Investment by person resident outside India is prohibited in certain sectors namely:
1. Lottery business including Government/ private lottery, online lotteries;
2. Gambling and betting including casinos;
3. Chit funds (except for investment made by NRIs and OCIs on a non- repatriation basis);
4. Nidhi company;
5. Trading in Transferable Development Rights (TDRs);
6. Real Estate Business or Construction of Farm Houses;
7. Manufacturing of cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes. The prohibition is on manufacturing of the products mentioned and foreign investment in other activities relating to these products including wholesale cash and carry, retail trading etc. will be governed by the sectoral restrictions laid down in Regulation 16 of FEMA 20(R);
8. Activities/ sectors not open to private investment viz. atomic energy and railway operations;
9. Foreign technology collaboration in any form including licensing for franchise, trademark, brand name, management contract is also prohibited for Lottery business and Gambling and betting activities
Who all can be appointed as a Director of the private limited
company?

The minor shall not be appointed as director of the company. He needs to be over 18 years of age and must be a natural person. Foreign nationals are also eligible to be a director in an Indian Private Limited Company provided that at least one of the director shall be resident of India.
Whether an office is required for starting a private limited
company?

Yes, the office can be commercial / industrial / residential which is capable of receiving and acknowledging all communications and notices as may be addressed to it is required which can be shown as the registered office of the Company.

What do I need to quickly incorporate my company?

To incorporate a Company quickly, make sure the proposed name of the Company is very unique. Names that are similar to an existing company / limited liability partnership / trademark can be rejected and additional time will be required for re-submission of names.
What is Director Identification Number (DIN)?

DIN is a unique identification number assigned to all existing and proposed Directors of a Company. Before a person gets appointed as a Director, he must obtain a valid DIN. DIN never expires and a person can possess only one DIN.
Is it mandatory to obtain PAN of the company?

Permanent Account Number (PAN) is a ten-digit alphanumeric number, issued by Income Tax Department of India as a proof of identification for tax purposes. It is required for obtaining Digital Signature Certificate, opening bank account, various statutory registrations, to pay taxes and filing tax returns and many other transactions as prescribed by government time to time. It is mandatory for a company incorporated in India to obtain PAN.
What is a Digital Signature Certificate?

A Digital Signature Certificate (DSC) establishes the identity of the signee electronically while filing documents. The Ministry of Corporate Affairs (MCA) mandates that e-form(s) submitted on MCA portal are digitally signed using DSC.
Is it mandatory to obtain EPFO and ESIC registration of the company?

Yes. It is mandatory for all the new companies incorporated w.e.f 23^rd February, 2020 to obtain EPFO and ESIC registration.
Is opening of bank account mandatory for all the companies?

Yes. All the new companies are required to apply for opening the company’s bank account through the Form AGILE PRO.
Is Registration for Professional Tax is mandatory all over India?

No. Registration for Professional Tax is mandatory only in respect of new companies incorporated in the State of Maharashtra w.e.f 23^rd February 2020.

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Limited Liability Partnership Registration in Indore

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Limited Liability Partnership Registration in Indore

Minuimum Requirements for Limited Liability Partnership Registration in Indore

Documents Required for Private Limited Company Registration