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Registration of Limited Liablity Partnership

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Obtaining Digital Signature (DSC)

The following documents are required for identity and address proof:

Identity Proof

Passport
PAN Card of the Applicant
Driving Licence
Post Office ID Card
Bank Account Passbook containing the photograph and signed by an individual with attestation by the concerned Bank official
A photo ID card issued by the Ministry of Home Affairs of Centre/State Governments
Any Government-issued photo ID card bearing the signatures of the individual

Address Proof

AADHAAR Card
Voter ID Card
Driving Licence (DL)/Registration Certificate (RC)
Water Bill (Not older than 3 months).
Electricity Bill (Not older than 3 Months)
Latest Bank Statements signed by the bank (Not older than 3 Months)
Service Tax/VAT Tax/Sales Tax registration certificate
Property Tax/ Corporation/ Municipal Corporation Receipt

Applying Designated Partner Identification Number (DPIN)

Any person intending to become a Designated partner in a new LLP is required to apply for the allotment of Designated partner Identification Number only through FiLLiP eform at the time of incorporation.

Attach the photograph and scanned copy of supporting documents i.e. attested proof of identity and attested proof of residence as prescribed.
Filing Form DIR-3 and making payment.
Form DIR-3 is mandatorily to be signed by the Applicant and which shall be verified digitally by a Company Secretary in full time employment of the company or by the Managing Director or Director or CEO or CFO of an existing company in which the applicant is intended to be appointed as a director.
After successful payment, an approved DPIN shall be generated in case the details of the eForm have not been identified as potential duplicate. Provisional DPIN shall be generated in case the details of the eform have been found as potential duplicate. A suitable informational message will be given to the user in this regard in the receipt.

Business Name Approval & Registration

The proposed name is applied and obtained from the Ministry of Corporate Affairs. Upto 2 names can be provided. In case of rejection of both names, an opportunity is provided for re-submission of the form with 2 more names.
NOC from Owner of the Property where Registered Office is located.
Drafting of LLP Agreement and Subscriber Sheet
Payment of RoC Registration Fees and Stamp Duty based on Authorized Capital.

Compliance for LLP

All LLPs registered with the Ministry of Corporate Affairs need to file Annual Returns and Statement of Accounts for every Financial Year. It is mandatory for a LLP to file a return irrespective of whether it has done any business. There are three mandatory compliance requirements to be followed by LLPs.

Filing of Annual Return
Filing of Statement of the Accounts or Financial Statements
Filing of Income Tax Returns

Filing LLP Annual Return

Annual Return or Form 11 is a summary of an LLP’s Partners. It is also an indication of whether there is any change in the management. Every LLP is required to file Annual Return in Form 11 to the Registrar within 60 days from the closure of a financial year. That is, the Annual Return has to be filed on or before 30th May every year.

Filing Of Statement Of The Accounts

Form 8 must be filed within 30 days from the end of 6 months of the financial year along with some prescribed fee. This must be digitally signed by 2 designated partners and it must be certified by a chartered accountant/company secretary/cost accountant. Form 8 has contains Statement of Solvency, Statement of Accounts and Statement of Income & Expenditure.

Income Tax related Compliance

LLPs must file income tax return using Form ITR 5. Form ITR 5 can be filed online through the income tax website using the digital signature of the designated partner. The deadline for LLP tax filing in India is July 31st if tax audit is not required or 30th September – If tax audit required.

Mandatory Audit under LLP Act

It may be noted that only those LLP whose annual turnover exceeds Rs. 40 lakhs or whose contribution exceeds Rs. 25 lakhs are required to get their accounts audited.

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