Formation of an Indian Limited Liability Partnership (LLP) requires minimum 2 partners and 2 designated partners, with at least 1 Indian resident. The partners and designated partners can be the same. Contributions are required from each partner. Designated partners must obtain a DPIN and one partner needs a digital signature certificate. The process involves applying for these, reserving a company name, drafting LLP documents, filing forms, and paying fees to receive a certificate of incorporation within 7 working days if all is in order.