All the details of this limited liability partnership firm as per Ministry of Corporate Affairs (MCA). Check the latest data from MCA before any legal usage.
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LLP Registration in India has become the preferred alternative form of business that provides the advantages of a Company and the flexibility of a Partnership firm. The Concept of LLP in India was introduced back in 2008 by the Limited Liability Partnership Act of 2008. This unique hybrid structure is suitable for setting small, medium-sized businesses.
It is very easy to manage and incorporate a Limited Liability Partnership in India. To register an LLP minimum of two partners are required, there is no upper limit as such. The LLP agreement states the rights and the duties of the Partners. In an LLP one partner is not responsible for the misconduct and negligence of the other partner. The partners are responsible for the compliances and all the provisions that are specified in the LLP agreement.
In India, LLP company registration can be completed online through QwikFilings.com
Limited Liability Partnership LLP Registration in India is the most common type of legal entity that is preferred by millions of Indian Entrepreneurs and popular startups like Flipkart, Amazon, Paytm, Nykaa, PhonePe, Zomato, OYO, Dunzo, Swiggy, Meesho, Udaan and other reputed startups. A Limited Liability Partnership LLP can be registered online in less than 10 days at a very affordable price of just Rs. 6999.
HOOMAN DIGITAL LLP
LLP Agreement – The Partners of an LLP are required to execute an LLP Agreement and a copy has to be filed with the Registrar or Companies in LLP Form 3 with in 30 days of incorporation of LLP.
Director DIN KYC: All persons who hold a Director Identification Number (DIN) – which is allocated during the incorporation process must complete DIN KYC each year to validate the phone and email address on record with the Ministry of Corporate Affairs.
Statement of Accounts and Solvency in LLP Form 8 Every LLP is required to prepare and close its accounts until the 31st March every year. From 8 is to be filed by at least two Designated Partners with the Registrar within 30 days after completion of six months of Financial Year. The Statement of Account and Solvency can now be signed on behalf of the LLP by its an interim resolution professional. (LLP (2nd Amendment) Rules, 2022.
Annual return in LLP Form 11 – Annual Return or Form 11 is a Summary of all the Designated Partners like whether there are any changes in the management of the LLP or not. It is required to be in Form 11 to the Registrar within 60 days from the closure of financial year
Income Tax Return – Every LLP has to file Income Tax Return every year. The last date of filing of return for LLP is 31st July every year. However, any LLP under tax audit is required to file its Income tax return by 30th September.
Statutory Audit – 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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