How To Incorporate A New Llp In India

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5 Questions You Must Ask To Real Estate Lawyer
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1. Digital Signature Certificate

• The first step in the process is to obtain the
  Digital Signature Certificate. As the
  registration process is online, a digital
  signature is must and has to be affixed on all
  electronically submitted documents. Its an
  electronic identity proof that authenticates the
  electronically submitted documents.
• The DSC can be obtained from different
  certifying authorities, which in turn are
  appointed by the controller of certifying
  authorities.

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2. Director Identification Number (DIN) or
Designated Partner Identification Number (DPIN)

• The next step in the process is to obtain the
  DIN/DPIN for the designated partners of the LLP.
  This is a unique number that is necessary for
  filing e-forms. Maximum two partners can apply
  for DIN at a time.
• If there are more than two partners, the DIN for
  the rest can be obtained later. A proof of
  identity, address proof, and a subscribers sheet
  has to be submitted along with the application.

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3. Reserving the LLP Name

• When you have decided on setting up LLP in India,
  you must ensure that the name you choose for your
  company is unique and distinct from names used by
  other organization.
• Once you decide on the name of the LLP, you have
  to file an application for reserving the same via
  the RUNLLP (Run Unique Name-Limited Liability
  Partnership) web service. You can submit two
  names in order of preference.

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4. Incorporation

• After reserving the LLP name you then have to
  file for incorporation of the LLP. If for some
  reason you have not reserved the LLP name you can
  do so along with incorporation application which
  is to be made via the FILLIP or the Form for
  Incorporation of Limited Liability Partnership.
• All necessary details documents including the
  details of the designated partners have to be
  submitted along with application. Upon
  processing, if the application is found to be
  complete in all respect, DIN/DPIN of the partners
  is generated and LLPIN issued.

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5. The Limited Liability Partnership Agreement

• The final step in the process of setting up LLP
  in India is the drafting and filing of the
  Limited Liability partnership Agreement. It is an
  agreement made between the partners of the LLP
  that describes the functions and rights of the
  partners, business objectives, and the profit
  sharing ratio.
• The agreement is mandatory for completing the
  incorporation process and has to be executed
  within 30 days of incorporation by paying the
  applicable stamp duty which is calculated on the
  basis capital contribution by the partners.

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