Limited Liability Partnership – Incorporation Requirements
| Minimum Partners | 2 (Two) |
| Maximum Partners | No Limit |
| Minimum Designated Partners | 2 (Two)* (Out of which at least 1 designated partner shall be resident in India) |
| Designated Partners Identification Number (DPIN) |
All the designated partners shall obtain DPIN by filing eForm # 7 online on the LLP Portal |
| Filing Fee for eForm # 7 | Rs.100/- |
| Documents Required for obtaining DPIN | 1) Proof of identity, 2) Proof of residence, 3) Latest passport size photograph of the concerned partner and 4) Digital Signature Certificate of the concerned partner (DSC) |
| Digital Signature Certificate (DSC) | Mandatory for all the Designated Partner |
| Financial year | Financial year means the period from the 1st day of April of a year to the 31st day of the March of the following year. |
| Reservation of Name of LLP | eForm # 1 is required to be filed for reservation of name (upto 6 choices can be indicated). |
| Filing Fees for eForm # 1 | Rs.200/- |
| Registration/Incorporation Document | eForm # 2 |
| Filing Fees for eForm # 2 | (a) If contribution does not exceed Rs. 1 lakh – Rs. 500 (b) If contribution exceeds Rs. 1 lakh but does not exceed Rs. 5 lakhs – Rs. 2000 (c) If contribution exceeds Rs. 5 lakhs but does not exceed Rs. 10 lakhs – Rs. 4000 (d) If contribution exceeds Rs. 10 lakh – Rs. 5000 |
| Registration of LLP Agreement** | eForm # 3 |
| Filing Fees for eForm # 3*** | The difference between the fees payable on the increased slab of contribution and the fees paid on the preceding slab of contribution shall be paid through Form 3 |
| Notice of Appointment of Partner/Designate Partner, his consent etc. |
Eform # 4 |
| Filing Fees for eForm # 4*** | (a) If contribution does not exceed Rs. 1 lakh Rs. 50 (b) If contribution exceeds Rs.1 lakh but does not exceed Rs.5 lakhs – Rs. 100 (c) If contribution exceeds Rs. 5 lakhs but does not exceed Rs.10 lakhs – Rs. 150 (d) If contribution exceeds Rs. 10 lakh – Rs. 200 |
Notes:
* Penalty for non-compliance: The LLP and its every partner shall be punishable with fine not be less
than Rs 10000 & may extend to Rs 5,00,000
** In the absence of LLP agreement, Schedule I to the Limited Liability Partnership (LLP) Act, 2008
is applicable
*** Every LLP should mandatorily file eForm # 3 and eForm # 4 within 30 days of incorporation
failing which Rs.100/- per day will be charged as additional fees on each Form