Guidelines

Is registration compulsory under LLP Act?

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Is registration compulsory under LLP Act?

LLP Agreement: Execution of LLP Agreement is mandatory as per Section 23 of the Act. LLP Agreement is required to be filed with the registrar in eForm 3 within 30 days of incorporation of LLP.

Under which act LLP is registered?

Limited Liability Partnership Act, 2008
The Limited Liability Partnership Act, 2008 was enacted by the Parliament of India to introduce and legally sanction the concept of LLP in India….The Limited Liability Partnership Act, 2008.

Limited Liability Partnership Act, 2009
Enacted by Parliament of India
Enacted 12 December 2008
Assented to 7 January 2009
Commenced 31 March 2009

What are the mandatory compliance of LLP?

Every LLP is required to file Annual Return in Form 11 to the Registrar within 60 days from the closure of a financial year. That is, the Annual Return has to be filed on or before 30th May every year. Form 11 or Annual Return is applicable to those LLP’s which were registered till 30th September 2017.

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How can a LLP be incorporated under LLP Act 2008?

Chapter 3 of LLP Act, 2008 covers Section 11 to Section 21 of the LLP Act. Sections 11 and 12 prescribes that an LLP can be incorporated by filing an incorporation document with the Registrar and that in normal case, Registrar is to issue a certificate of incorporation within 14 days of such filing.

What are the documents required to register a LLP in India?

Documents required for registering LLP in India

  • ID Proof of Partners – All the partners are required to provide their PAN at the time of registering LLP.
  • Address Proof of Partners – Partner can submit anyone document out of Voter’s ID, Passport, Driver’s license or Aadhar Card.

How is an LLP formed under the LLP Act 2008?

Limited Liability Partnership is a partnership formed and registered under the said Act. A Limited Liability Partnership is a body corporate formed and incorporated under this Act and is a legal entity separate from that of its partners. A limited liability partnership shall have perpetual succession.

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How can a LLP be incorporated under LLP Act, 2008?

How is an LLP formed under the LLP Act, 2008?

Who is responsible for the legal compliance into LLP?

The liability of the partners is limited to the extent of his/her contribution to the LLP. As a Juristic Legal Person, a LLP can sue in its name and be sued by others. The partners are not liable to be sued for dues against the LLP. Less Restrictions and Compliance are enforced on a LLP by the Govt.

Does LLP need to have board meeting?

There are no directors involved in an LLP, instead designated Partners run the business and are held responsible for compliances. Hence, Board of Partners meeting is suggested in case of an LLP firm.