This is an easy guide from www.legalraasta.com on registering a limited liability partnership in India. This includes key steps such as obtaining DSC, DIN and Pan card
In this PPT, you will learn what is an LLP, benefits of LLP and the documents required. For more details, check out this checklist for LLP Registeration: https://www.deasra.in/msme-checklist/llp-registration-checklist/?utm_source=referral&utm_medium=slideshare
In this PPT, you will learn what is an LLP, benefits of LLP and the documents required. For more details, check out this checklist for LLP Registeration: https://www.deasra.in/msme-checklist/llp-registration-checklist/?utm_source=referral&utm_medium=slideshare
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Limited liability partnership gowtam bhatSVS College
seminar paper presented by Gowtam Bhat, a student of II year B.Com of SVS College, Bantwal, Karnataka under the auspices of Commerce Association-focus is on LLP in India
LLP, a legal form available world-wide, now introduced in India and is governed by the Limited Liability Partnership Act 2008, with effect from April 1, 2009
Limited Liability Partnerships (LLP)- An OverviewChhavi Sharma
Limited Liability Partnerships (LLP) are becoming an upcoming trend of corporate structure with increased flexibility of partnerships & lesser compliance costs. The shared slide aims at providing a brief overview about the meaning & statutory requirements for incorporation, pros/cons and formation procedure for LLPs. Certain provisions of the Limited Liability Partnership Act, 2008 have been specified herein. Further, recent notification issued by RBI regarding acceptance of direct investment from the foreign investors in LLPs has also been focused upon.
The LLP is an alternative choice for those who are sole proprietorship. But now there are more choice to select. Let us examined what are the difference between the LLP & company
Partnership Firm Registration | Documents Required For Partnership FirmdeAsra Foundation
Learn what is a partnership firm, steps to incorporate one and he documents required for the same. For more help on getting small business licenses, reach out to deAsra for the Licenses & Legal Compliances Services at https://www.deasra.in/services/licences-legal-compliance/?utm_source=referral&utm_medium=slideshare
Partnership Firm Registration | Partnership Firm Registration Documents RequireddeAsra Foundation
In this PPT, you will learn what is partnership firm registration, benefits of set up, the process & documents required for the same. For more details, check out this partnership registeration checklist: https://www.deasra.in/msme-checklist/partnership-registration-checklist/?utm_source=referral&utm_medium=slideshare
Conversion of partnership firm in to limited companyAmit Soni
This describes the step by step process for conversion (not take over) of a partnership firm in to Limited company as per the Companies Act, 2013. (The document is created in June 2014)
Limited liability partnership gowtam bhatSVS College
seminar paper presented by Gowtam Bhat, a student of II year B.Com of SVS College, Bantwal, Karnataka under the auspices of Commerce Association-focus is on LLP in India
LLP, a legal form available world-wide, now introduced in India and is governed by the Limited Liability Partnership Act 2008, with effect from April 1, 2009
Limited Liability Partnerships (LLP)- An OverviewChhavi Sharma
Limited Liability Partnerships (LLP) are becoming an upcoming trend of corporate structure with increased flexibility of partnerships & lesser compliance costs. The shared slide aims at providing a brief overview about the meaning & statutory requirements for incorporation, pros/cons and formation procedure for LLPs. Certain provisions of the Limited Liability Partnership Act, 2008 have been specified herein. Further, recent notification issued by RBI regarding acceptance of direct investment from the foreign investors in LLPs has also been focused upon.
The LLP is an alternative choice for those who are sole proprietorship. But now there are more choice to select. Let us examined what are the difference between the LLP & company
Partnership Firm Registration | Documents Required For Partnership FirmdeAsra Foundation
Learn what is a partnership firm, steps to incorporate one and he documents required for the same. For more help on getting small business licenses, reach out to deAsra for the Licenses & Legal Compliances Services at https://www.deasra.in/services/licences-legal-compliance/?utm_source=referral&utm_medium=slideshare
Partnership Firm Registration | Partnership Firm Registration Documents RequireddeAsra Foundation
In this PPT, you will learn what is partnership firm registration, benefits of set up, the process & documents required for the same. For more details, check out this partnership registeration checklist: https://www.deasra.in/msme-checklist/partnership-registration-checklist/?utm_source=referral&utm_medium=slideshare
Choosing the right entity type could be a time taking process, but with the right information you can start your venture pretty soon. This Presentation would give exactly the right information that is self sufficient to incorporate a LLP in India.
Procedure for the conversion of partnership firm into llp convertedOnline Chartered
Conversion Of Partnership Firm into LLP have more preference over the standard partnership structure because it's more advantageous for the partners. It is a business model that combines the advantages of the corporate structure of the business and the flexibility of a partnership. The transition of a partnership company to LLP is as per Section 55 in the Limited Liability Partnership Act 2008 as interpreted by Section II in the Act.
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Although, in India it is not mandatory to register a partnership firm but the registered partnership firm enjoys certain rights. In this presentation,I have talked about a Partnership firm, effects of its non-registration and procedure of getting a firm registered.
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No need to have a co-founder. Even one man show can incorporate a Company and enjoy the benefits of limited liability and separate legal entity.
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ISO means international quality standards. ISO registration helps you gain client trust. Get ISO in India, Delhi NCR, Mumbai & Bengaluru, etc. Call 8750008585
Documents Required for IEC Code Registration | LegalraastaLegal Raasta
Get to know about the documents required for IEC code registration. We also provide IEC code registration services at affordable prices. Ping us now for more information.
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There are up to 8 types of income tax return forms, currently.https://www.legalraasta.com/income-tax-return/. Like and Follow our Facebook Page https://www.facebook.com/LRaasta/
GST return filing is done to maintain financial accounts per year. GST return is a document that contains the details of the income of the taxpayer. https://www.legalraasta.com/gst-return/.
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Trademark registration in New Zealand | Trademark | TrademarkcartLegal Raasta
In New Zealand, the prevailing trademark legislation is the Trade Marks Act 2002. The principles of “common law” apply. https://www.legalraasta.com/trademark-registration/. Like and Follow our Facebook page https://www.facebook.com/LRaasta/
Import Export Code or IEC is a 10-digit code that a business or a person needs to import/export goods/services. https://www.legalraasta.com/import-export-code-iec-registration/
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LLP was launched in India by way of the Limited Liability Partnership Act, 2008. https://www.legalraasta.com/llp-registration/. Like and Follow our Facebook Page https://www.facebook.com/LRaasta/
The Food Safety and Standards Authority of India (FSSAI) is a legal authority that offers a food license to all food business operators (FBO) in India.https://www.legalraasta.com/fssai-license/. Like and Follow our Facebook pagehttps://www.facebook.com/LRaasta/
Copyright is a kind of intellectual property protection like trademark and patents. Copyright registration is done following the Copyright Act, 1957. https://www.legalraasta.com/copyright-registration/. Like and Follow our Facebook pagehttps://www.facebook.com/LRaasta/
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All businesses which are engaged in Import and Export of goods require to register Import Export Code . IEC Code is 10 digit code with permanent validity. IEC Code is issued by the Directorate General of Foreign Trade (DGFT), DGFT, customs, Export Promotion Council, if they don’t have this code. IMPORT EXPORT CODE is done through LegalRaasta
It is an indirect tax wherein the service provider collects the tax on services from service receiver and pays the same to Government of India. It is required for businesses providing services in India.
Professional Tax is the tax levied by the various State Governments of India on salaried individuals working in government or non-government entities, or in practice of any profession, such as CAs, Lawyers, Doctors, etc. or carry out some form of business, are required to pay this professional tax. Professional tax is imposed at the state level in India.
It is an indirect tax wherein the service provider collects the tax on services from service receiver and pays the same to Government of India. It is required for businesses providing services in India.
A copyright is a legal right given by the law to creators of literary, dramatic, musical and artistic works and producers of cinematography films and sound recordings. Business entities often copyright instruction manuals, product literature and user guides. Copyright is usually owned by the maker of the work, but may also be owned by the employer of its creator or the person who has authorized the work (unless there is an agreement to the contrary in either case).
Get Section 8 Company registration in Delhi, Gurgaon, Noida and other cities with the help of experts at LegalRaasta. LegalRaasta is your online CA portal.
When listening about building new Ventures, Marketplaces ideas are something very frequent. On this session we will discuss reasons why you should stay away from it :P , by sharing real stories and misconceptions around them. If you still insist to go for it however, you will at least get an idea of the important and critical strategies to optimize for success like Product, Business Development & Marketing, Operations :)
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Michael Economou is an Entrepreneur, with Business & Technology foundations and a passion for Innovation. He is working with his team to launch a new venture – Exyde, an AI powered booking platform for Activities & Experiences, aspiring to revolutionize the way we travel and experience the world. Michael has extensive entrepreneurial experience as the co-founder of Ideas2life, AtYourService as well as Foody, an online delivery platform and one of the most prominent ventures in Cyprus’ digital landscape, acquired by Delivery Hero group in 2019. This journey & experience marks a vast expertise in building and scaling marketplaces, enhancing everyday life through technology and making meaningful impact on local communities, which is what Michael and his team are pursuing doing once more with Exyde www.goExyde.com
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Salma Karina Hayat is Conscious Digital Transformation Leader at Kudos | Empowering SMEs via CRM & Digital Automation | Award-Winning Entrepreneur & Philanthropist | Education & Homelessness Advocate
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2. • Minimum 2 Partners (Individual or body corporate)
• Minimum 2 Designated Partners who are individuals and at least one of them
• should be resident in India.
• Digital Signature Certificate
• LLP Name
• LLP Agreement
• Registered Office
An LLP should have minimum 2 partners. In case any Body Corporate is a partner, then
it will be required to nominate any person (natural) as its nominee for the purpose of the
LLP.
Partner of LLP can be consisted ofCompanies incorporated in and outside India
• LLP incorporated in and outside India
• Individuals Resident in and outside India
• Partners of LLP
Every LLP should have minimum 2 designated partners who are individuals and at least
one of them should be resident in India.
A person or nominee of a body corporate, intending to be appointed as who is appointed
as designated partner of LLP should hold a Designated Partner Identification Number
(DPIN) allotted by the Ministry of Corporate Affairs.
Pre-requisites for
registering a LLP
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3. Pre-requisites for
registering a LLP
• Digital Signature Certificate
All forms for registration of LLP shall be filed online after signing digitally and for this
purpose, one of the designated partners shall take digital signature certificate.
• LLP Name
Selection of business name is crucial for the image of your venture. You select a
name which reflects the business you plan. Ensure selected name satisfy LLP
Name Guidelines of Ministry of Corporate Affairs.
• LLP Agreement
Like partnership, partners of LLP can frame agreement for defining their terms,
profit sharing ratio etc. The basic contents of Agreement are, Name of LLP, Name
of Partners and Designated Partners, and Form of contribution, Profit Sharing ratio
and Rights and Duties of Partners.
• Registered Office
The Registered office of the LLP is the place where all correspondence related with
the LLP would take place, though the LLP can also prescribe any other for the
same. A registered office is required for following purposes. At the time of
incorporation, it is necessary to submit proof of ownership or right to use the office
as its registered office with the Registrar of Companies.
Read more about this topic at www.legalraasta.com
4. LIMITED LIABILITY
PARTNERSHIP FORMATION
STAGES
• Stage I - Partners
To form a LLP, there Minimum two partners and at least two shall be designated
partners having DIPN. In case of body corporate as partners, their nominee can be
act as designated partners. Out of two designated partners, one must be resident in
India. (Who has stayed in India for a period of not less than one hundred and eighty
two days during the immediately preceding financial year)
• Stage II - Obtaining DPIN & Digital Signature
DPIN can be obtained by making an application online with www.llp.gov.in After
submitting the online application, signed physical copy of Form 7 has to be
submitted to Ministry of Corporate Affairs along with certified copies of address
proof and Identity proof of the applicant.
Digital Signature can be obtained from any of the Certifying Authorities in India.
• Stage III - Name filing
After finalization of name, an application of name availability has to be filed in form
1 with www.llp.gov.in for approval. Please note that selection of name is subject to
Guidelines issued by MCA.
Read more about this topic at www.legalraasta.com
5. LIMITED LIABILITY
PARTNERSHIP FORMATION
STAGES
• Stage IV - Agreement
LLP agreement has to be drafted line with LLP Act. It is not mandatory to file LLP
agreement at the time of registration and same can be file with in 30 days. If no
agreement is framed, provisions of Schedule I of the LLP Act shall be applicable.
• Stage V - Filing of Incorporation Documents
The following documents along with required attachments has to be filed
withwww.llp.gov.in
Form 2 :Details of partners, registered office etc Subscription Sheet: All partners
are required to subscribe their names along with signatures to the subscription
sheet, which shall be witnessed by any chartered Accountant/Company
Secretary/Advocate in practice.Form 4 :Consent of Partners - Consent of each
partner to become a partner of Liability PartnershipForm 3 :LLP agreement - this
can be filed with in 30 days from the date of registration
• Above said documents are required to be filed after signing digitally. After
verification, registrar will register all documents and issue Certificate of
Incorporation.
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6. Limited Liability
Partnership Formation
Services• LegalRaasta, LLP online registration portal offers following LLP
Services.
• Name Reservation Service
• LLP Agreement Drafting Service
• Annual Filing Services
• Induction of New Partners and changes thereof
• Other LLP Services
Companies offers following LLP Services as well.Conversion of
Firms / Companies to LLP
• Conversion of LLP to Company (under Part IX of the Companies
Act,1956
• Compromise, Arrangement or Reconstruction of Limited Liability
Partnerships
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7. Activity Days
Taking Directors Identification Number (DIN) 1 Day
Taking Digital Signature of Directors 1 Day
Reservation of the name of the Company 5 Days
Preparation of other Document such as MOA,AOA,
Forms etc
2 Days
Filling of Documents with Authorities 1 Days
Liaison with the authorities and Correction 3 Days
Getting Final Certificate of Incorporation 2 Days
Total Number of Days 15 Days
Time required for LLP
formation
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8. • This presentation has been compiled by CA
Pulkit Jain, CEO & Founder at LegalRaasta.com
• LegalRaasta.com in an online platform where you
can take care of all your startup, business & legal
needs via simple online forms
• To help entrepreneurs, we provide legal and CA
services at discounted rates.
• Please visit us at www.legalraasta.com
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