7 steps in formation of llp in chennai

1. Formation of an Indian Limited Liability Partnership (LLP)
Minimum requirements
 Minimum 2 Partners
 Minimum 2 Designated Partners
 Atleast 1 of the designated partners shall be an Indian Resident
 If a body corporate is a partner, it has to nominate a natural person as its nominee
 The Partners and Designated Partners can be same person
 There is no concept of share capital, but there has to be some sort of contribution from each partner
 DPIN (Designated Partner Identification Number) for all the Partners
 DSC (Digital Signature Certificate) for one of the Designated Partners
Procedure/Steps involved in formation
Step Steps Timeframe Processing
No. (Working days)
1. DSC (Digital Signature Certificate) Documents required (Self attested):
1
 Address proof
 Identity proof
2. DPIN ( Designated Partner  Apply for DPIN and get a provisional
Identification Number) 5 DPIN
 Approved DPIN is a pre-requisite for  Certification/Attestation of Director’s
incorporation process personal details
 Sending the same to the MCA Cell
and getting it approved
3. Pre- Name Application Search --  The Promoters have to provide
atleast 6 (Six) names in the order of
priority
 To make an online search of
availability of names as desired by
the Promoters
4. Application for Name Availability To draft the Main Object to be pursued
6 by the LLP after incorporation
 Filing of Form 1
 6 names for the proposed Company
 Main Object Clause
5. Representation before RoC on behalf Changes to be made in the Name
of Promoters application, if any, suggested by the
1 RoC.

2. 6. Documents required for incorporation  Drafting the LLP Agreement and
of an LLP after getting it vetted by Promoters,
2 sending it for printing
 LLP Agreement
 Processing of eForms
 Form 2
(Statement by Promoter)
 Form 3
(Information regarding the LLP
Agreement)
 Form 4 & Form 9
(Notice of Consent & Appointment of
Designated Partners with their
personal details)
 Subscription sheet signed by the
promoters
 Duly stamped LLP Agreement
 Proof of Address of Registered Office
7. Final Process:  Online uploading of e-Forms
5
 Filing all the above documents with  Payment of Registration fees
the ROC, follow up with the ROC
 Issue of Certificate of Incorporation
 Making changes in LLP Agreement/
other Incorporation documents as
suggested by the ROC