STEPS FOR INCORPORATION OF LIMITED LIABILITY PARTNERSHIP

INDEX

BasisofdecidingthenameoftheLLP _____________________________________________________ 4 DisclosureForm_______________________________________________________________________ 5 FillingandcompletionofFormno.1 ______________________________________________________ 6 ApprovalofnamebyRegistrarofFirm(ROF) _______________________________________________ 7 FinalizationofLLPAgreement ___________________________________________________________ 8 FilingofFormswithRegistrarofFirm _____________________________________________________ 9 PaymentoffeestoRegistrarofFirm _____________________________________________________ 10 ApprovalbytheRegistrarofFirm ________________________________________________________11 DesignatedPartnerIdentificationNumber(DPIN) __________________________________________ 14

FORMATIONOFLIMITEDLIABILITYPARTNERSHIP(FlowChart)

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Takeadecisiononname oftheLLP

ObtainDesignated PartnerIdentification Number(DPIN)

ObtainDigital SignaturesCertificate

Fillingandcompletion ofFormNo.1 Filing of Form No. 1 with Registrar

Isthename approvedby Registrar

No

Yes

FinalizationofLLP Agreement(Optional)

 FilingofFormNo.2 withtheRegistrar Paymentofchallan Obtainapprovalfrom REGISTRAR IssuanceofCertificateof IncorporationofLLPby RegistrarinFormno16 FilingofFormno4within30days fromthedateofincorporation. FilingofLLPAgreementinForm no3(Optional)within30days fromthedateofincorporation. End

Registration Feesaccording topaidup capital

 BasisofdecidingthenameoftheLLP BASISOFDECIDINGTHENAMEOFTHELLP Shouldreflect Maximumof6 theactivity/ namesinorder ofpreference objectiveofthe LLP The name of the limited liability partnership shall not be similar or identical with Company or LLP alreadyregisteredinIndiaanditshouldnotcontainswordsprohibitedundertheEmblemsandNames (Prevention of improper use) Act, 1950or which are also not Undesirable in the opinion of Central Governmentorwhichsatisfiestheconditionsprescribedunderrule18(2). In case any Body Corporate is partner, copy of Board resolution authorizing the incorporation of LLP shallbeattached ADisclosureFormneedstobefilledatthisstage.Sampleformatattachedbelow.

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DisclosureForm DisclosureFormforincorporationofLLP

1. ProposedNameoftheLLP:(MaximumSixNameinorderofPreference)

1. 3. 5.

2. 4. 6.

2. NameoftheApplicantappliedforNameavailability Name of the Applicant ( Occupation musthavedigitalsignature) Address State Country Pin code

3. Detailsofpartners:

NameofthePartner

Husband / Fathers Capital Name contribution

Date of Birth/ incorporation

4. RegisteredaddressoftheLLP:

5. DetailofDesignatedPartners:

Name of the Designated Partner

Fathers Name

DPIN Number

Nationality Date Birth

of PAN Number

Address

6. CapitalContributionofthePartners: %ofCapitalContribution TypeofContribution Amount

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FillingandcompletionofFormno.1 FormNo.1 (Various heads) Details of the Detailsof Monetary State the Detail of Contribution atleasttwo significance Proposed applicant Designated of the name Business of who has filed Partner. the form. chosen. the Firm Name, Name,DPIN Occupation, Number, Address, Name ofthe Email id Nomineeincase etc. of Body corporate,Detail ofResolution Backtoflowchart

Name of the State and Registrar where Registered Office of the LLP is to besituated.

ApprovalofnamebyRegistrarofFirm(ROF)

ApprovalofnamebyROF

Nameappliedforisavailableforadoption

The registrar will approve the name applied for provided the name isnoteitherundesirableintheopinionoftheCentralGovernmentor thatisidenticalwithorthatwhichtoonearlyresemblestothename of any existing partnership firm or a LLP or a body corporate or a trade mark registered or pending registration under the Trade MarksAct,1999.

name approved shall be available for The adoptionforaperiodof3months. Backtoflowchart

FinalizationofLLPAgreement NAMECLAUSE REGISTERED OFFICECLAUSE BUSINESS OPERATION ADMISSIONOF NEWPARTNER EXTENTOF LLP AGREEMENT LIABILITY OF PARTER S CAPITAL CLAUSE RIGHTSOF PARTNER DUTIESOF PARTNERS CESSATIONOF PARTNERS

ItcontainsthenameoftheLLP

Specifies the state where RO of the LLPissituated It contains the Principal Business objective of the LLP. Profit/Loss sharingrationofpartners. It will contains the provision of new partner,hisprofit/Losssharingratio.

This clause specifies the extent of liability of partners of LLP. They are liable upto the amount of contribution theyundertaketocontribute.

The total amount of Contribution with which theLLPisregistered

It will contain the rights of partners, right to access the books of account, right to carry own their business independently, right over theassetsoftheFirm, This clause specifies the duties of Partner or designatedpartnerbeforetheLLP

This clause specifies that the partner may cease by giving 30 days prior notice to the otherpartneretc.

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 FilingofFormswithRegistrarofFirm Once the name is approved by Registrar ofFirm FillingofForm No.2 Incorporationdocuments Itwillcontainthefollowinginformation Details of Formof Service Nameofthe Address of Principal Partners / Contribution Request Limited the Businessof Designated andtotal thefirm Number of Liability Registered Partners monetary Formno1 Office Partnership contribution as approved bytheROF IncasethePartner/ Designatedpartner isacompany,detail ofthenominee In case the Partner is In case the partner is a aIndividual company Name, Address, DPIN, PAN Name of the Company, Name Number, Fathers Name, of the Body Corporate, Date Occupation, Date of Birth, ofBirth,address,designation Nationality and authority, DPIN of Backtoflowchart

 PaymentoffeestoRegistrarofFirm ThroughCreditCard

PaymentofChallan

ByCash

Bycheque/DemandDraft

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ApprovalbytheRegistrarofFirm

Approvalbythe RegistrarofFirm

On Submission of complete documents the Registrar after satisfying himself about the compliance with relevant provisions ofLLPAct

Register the LLP maximum within 14 days from the date of Filing of form no2.

Registrar will issue a Certificate of incorporationinFormno16

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FillingofForm No.3 Containsthefollowing:

LLP Identification Number (LLPIN)

Name and Address of theLLP

Place at whichtheLLP agreement is made

Date of LLP agreement

Business to becarriedout bytheLLP

Name and DPIN of the designated Partners, theirareasofwork.

Obligationof each partner to contribute money or property or other benefit ortoperformservices.

Partners Power andduties

DetailsofLLP Agreements Clauses

Details of obligations, rights, entitlements of a partner on admission, retirement, cessation, expulsionorresignation

Management and Administration ofLLP

Restrictions, if any, on the partners authority

It also needs to be filed for any subsequent changes made in the LLP Backtoflowchart NOTE: Form3(InformationwithregardtoLLPagreementandchanges,ifanymadetherein)maybefiledwith theprescribedfeesimultaneouslyatthetimeoffilingForm2orwithin30daysofthedateof incorporationorwithin30daysofsuchsubsequentchanges.

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 Containsthefollowing:

Filling of Form No.4

SRN of Form 1 or LLPIN

Name and Address of theLLP

Summary of Partners and Designated Partners.

Numberof Individualas partners,incase morethan5,file asanattachment

Number of bodies corporate as partners, in case more than 5, file

asanattachment

Name, Father Name of thePartners.

Date of Birth and occupation, Nationality of partners

Present and permanent Address

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DesignatedPartnerIdentificationNumber(DPIN) DPIN DPIN is an Eight digit Number allotted by the Central Government which denotes the identity of the particular partner. FillingofForm No.7 Containthefollowinginformation name of Full Father/ Nationality Present and theApplicant Husband and Date permanent name ofBirth Address Proof of Proof of Identity Address In case of Applicant is a nomineeofBodyCorporate AdditionalInformation Passport Passport Electioncard Electioncard Name of CIN Registered DrivingLicense DrivingLicense Number the Office of the Body PanCard PanCard Corporate Company RationCard ElectricityBill TelephoneBill Bank Account Statement PaythePrescribefeei.e.Rs.100/

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Submit the Application online. The system will further generate a provisionalDPIN

Take Print out of the form, affix a latest passportsizephotographandgetitattested alongwithproofofidentityandresidence.

Delivered the printed and signed application form along with the prescribed documents by hand / courier/ registered post to the office of REGISTRAR, MINISTRY OF CORPORATE AFFAIRS, 3RD FLOOR, PARYAVARAN BHAWAN, CGO COMPLEX, LODHI ROARD, NEW DELHI 110003

The Registrar will further approve the form andyoucantrackthestatusonthewebsite.

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