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Limited Liability Partnership – Incorporation Requirements

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
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  • Limited Liability Partnership

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