Registration of Limited Liability Partnership (LLP) in Bangalore

 

LLP Company Registration in Bangalore is nothing but another corporate form that gives the benefits of "Limited Liability" to the organized partners at an affordable cost of compliance.

 

It is a legal entity firm. But, the responsibility of all the organized Partners is limited to the section as gave by the Partnership as well as of Company.

 

Features of LLP

 

Body Corporate

 

According to Section 3 of the Limited Liability Partnership Act ("LLP Act") in 2008, as revised, LLP is a maturity corporate formed under the LLP Act having many qualities attribution of separate legal entity from its partners.

 

Perpetual Succession

 

Perpetual Succession is one of the major benefits of forming an LLP, a member may come and do the operations but LLP will carry on forever.

 

Separate Legal Entity

 

LLP is a separate legal entity state means that the LLP is lonely liable for the acts that have been done. The liability of the Partner has been limited only to the part being invested by the partners.

 

Mutual Agency

 

According to the consultant for limited Liability company in Bangalore It states that the action of one partner will not make the other partner responsible for his illegal actions. Partners are agents of LLP.

 

LLP Agreement

 

LLP agreement is the most critical document which that contains the duties and rights of all the partners. Each and everything is administered by the LLP agreement.

 

Limited Liability

 

According to Section 26 of the LLP Act, every Partner is a representative of the LLP. Liability of the partners is limited to the portion as donated by them in an LLP

 

Artificial Legal Person

 

LLP is an artificial legal person in the observance of the law. It can straightaway enter into any agreements in its name. It has all rights and legal power that are provided to partners under the LLP agreement. It can file a match and a match can be filed against the LLP in its name.

 

Min. and Max. Number of Partners in an LLP

 

In the services for limited Liability company registration Every LLP should have at least a minimum number of 2 partners and at least two individuals to be allotted as designated partners. Further, at least 1 designated partner should be a citizen in India. No maximum limit has been cleared which means that LLP can have any member of partners.

 

PROCEDURE TO INCORPORATE LLP

 

Step 1: Acquiring of Digital Signature Certificate (DSC) for the Designated Partners

 

To proceed with an application for Director Identification Number (DIN) or Designated Partner Identification Number (DPIN) for Partners, a Digital Signature Certificate ("DSC") will be necessary. This means that DSC is mandatory for the partners for the filing and completing of the DIN application.

 

Step 2: Acquiring Director Identification Number (DIN) for the LLP Partners

 

In the next step after the DSC has been acquired, Partners need to make DIN to proceed with an application for Incorporation of LLP. Few forms and documents are necessary to obtain DIN for all designated partners. Generally, people make confusion with DIN and DPIN which are similar things if you have obtained DIN. You can use it in the form of incorporation of LLP as a substitute of DPIN. There will no issues faced.

 

Step 3: Obtaining Name Approval

 

If once two DPIN’s are selected, then an application can be filed along with the MCA for reservation of name. LLP naming guidelines and rules must be preserved in time while applying. The submitted application shall be examined by the ROC and processing shall be done.

 

Step 4: Filing for documents and records that are related to Incorporation

 

Once the name is being authorized by the RoC, an application for Incorporation shall be categorized. After the name authorization, the Partner has 60 days to file all the documents for Incorporation along with the other supporting document. RoC after satisfying and verifying by himself will provide a certificate of Incorporation.

 

We should note that here once when the certificate of Incorporation is provided, LLP is necessary to file an LLP agreement within the period 30 days from the date of issue of the LLP incorporation certificate. Failure of which may cause late fees for filing of the respective form.

 

How to Apply for LLP REGISTRATION in Bangalore?

 

Do you want to get an LLP REGISTRATION in Karnataka? then we are here to help you, we are the top company incorporation service provider in Bangalore. feel free to send your inquiry to info@consultry.in or feel free to contact: 7975187793 or visit https://www.consultry.in/

 


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