Can LLP be formed for manufacturing business?
Table of Contents
Can LLP be formed for manufacturing business?
The eligibility for manufacturing units to get registered under the Limited Liability Partnership Act, 2008 has been clarified. The one can register manufacturing business as LLPs.
How do you registered a manufacturing company in India?
How to Register a Company in India?
- Step 1: Digital Signature Certificate (DSC)
- Step 2: Director Identification Number (DIN)
- Step 3: Registration on the MCA Portal.
- Step 4: Certificate of Incorporation.
How much does it cost to register a LLP in India?
Cost Involved for LLP Registration
| Step | Cost |
|---|---|
| Step 2 – DIN | Rs. 1000 for 2 partners |
| Step 3 – Name Reservation | Rs. 200 |
| Step 4 – Incorporation | Depends on capital contribution. Contribution up to Rs. 1 lakhs – Rs. 500, Contribution between Rs. 1 and 5 lakhs – Rs. 2000 |
What LLP Cannot?
The activities like finance, investment, insurance, stock exchange, architect, banking, merchant banker, NBFC, chit fund etc. The answer is an LLP cannot operate a banking business during its whole tenure because to run a banking company there must be a company registered under the companies act.
Can LLP be formed for non commercial activities?
Therefore, LLP cannot be registered as NBFC for purpose of carrying investment activities as per RBI.
Where can I get manufacturing license in India?
Manufacturing of notified medical devices (Under CLAA Scheme) for sale in India, a Manufacturing License in Form-28 is required under Drugs and Cosmetics Rules. The Rule 76 of Drugs and Cosmetics Rules describe the information/data required for grant of manufacturing license.
How can I start a private limited company in India?
How to register a Private Limited Company
- #1: Apply for DSC (Digital Signature Certificate)
- #2: Apply for the DIN (Director Identification Number)
- #3: Apply for the name availability.
- #4: File the EMoa and EAOA to register the private limited company.
- #5: Apply for the PAN and TAN of the company.
Can LLP be registered as NBFC?
As per the above provision, it is concluded that the RBI approves non-banking financial institutional activities to the companies which are registered under the company act, after fulfilment of certain conditions. Hence an LLP cannot register itself as an NBFC for investment or financing activities as per RBI rule.