Know How To Do LLP Firm Registration In Delhi

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Know How to do LLP Firm Registration in Delhi
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Limited Liability Partnerships (LLPs) have
paved the way for many foreign companies to
enter India. LLP is essentially a hybrid
corporate structure that combines
the benefits of both corporate (private
partnership. It embodies limited liability to
company and tax incentives for affiliates.
or public) and partners as a

• With the exception of Bangladesh and
  Pakistan, persons residing outside India or
  companies established outside India may
  invest in LLPs in the form of share
  contributions or by obtaining profit
  sharing. This means that an investor
  can become a partner of an LLP by
  contributing to capital or acquiring a
  shareholding interest from an existing partner.
• FDI in LLP Major Reforms
• To promote foreign ownership of LLPs, the
  Reserve Bank of India (RBI) liberalized its
  policy of accepting LLP FDIs in March 2017 by
  amending the Currency Management Rule 2000.
• 100 of FDI is allowed by automatic route
  (without government approval).
• There were no performance requirements related to
  FDI.
• Other changes are as follows
• Use of foreign loans (external commercial loans
  or ECB)
• Previously, Indian law prohibited LLPs from
  borrowing from
• sources outside India, including masala bonds.
• The 2017 amendment relaxed the rules,
  allowing foreign- invested LLPs to access
  foreign loans at a lower cost.
• No government approval is required to
  convert a particular
• company to an LLP.

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• Foreign-invested companies can become LLPs by
  automatic route without government approval.
  Previously, this required prior government
  approval.
• LLPs dedicated to technology-based sectors
  or services can serve globally. This may
  require some of your partners to be abroad.
• Steps to Registration of LLP
• There are few steps for LLP firm
  registration in Delhi that have to follow
• Obtain a digital signature certificate (DSC) for
  at least two proposed LLP-designated partners.
• Obtain the Director Identification Number
  (DIN) or Designated Partner Identification
  Number (DPIN) from the proposed partner.
• Use Reserve Unique Name LLP (RUN LLP) to request
  name availability. This is a web service used to
  reserve a name for a new company or rename an
  existing one.
• Make sure you comply with the Ministry of
  Corporate Affairs (MCA) naming guidelines in
  this regard. All limited liability companies
  must have the word "limited liability company" or
  the acronym "LLP" as the last word in their name.
• Once the proposed LLP name is approved, submit
  the FiLLiP form to include the LLP. FiLLiP
  is an integrated firm that provides multiple
  services such as DIN assignment, name
  booking, LLP on boarding, and more.

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• LLP contracts are one of the most
  important documents as they govern the
  rights and obligations of our partners. The
  various aspects covered by the contract may
  include the amount and form of the donation,
  the rights and obligations of the partner, and
  the proposed LLP business. The LLP contract must
  be submitted within 30 days of the
  establishment of the LLP.
• Partner document
• Taxpayer number card (PAN) or partner ID.
• Proof of partner's address.
• Partner residence certificate.
• Photo Y
• Passport (for foreigners or NRI).
• LLP document
• Proof of registered office. Y
• Digitally signed certificate.
• LLP Financial Responsibility
• LLP is required to pay a 30 income tax on your
  income. If the total income exceeds 10 million
  rupees (the US 137,252), the LLP will have
  to pay an additional 12 on income tax.
  In addition, a 4 health education tax will be
  paid on income tax and additional charges.
• Regarding minimum tax obligations, Indian tax
  authorities have introduced the concept of an
  alternative minimum tax (MAT) to companies that
  can either become zero-tax companies or pay
  marginal taxes using various deductions and
  income-related incentives.