LLP Company Registration in Delhi - Process & Fees

01 August 2023

LLP (Limited Liability Partnership) Company registration in Delhi provides a legal business entity that combines the flexibility of a partnership and the limited liability protection of a corporation. It leverages partners to jointly manage the business while safeguarding their personal assets. The process of LLP registration involves fulfilling specific requirements, completing an online application, providing necessary documents, paying applicable fees, and adhering to the processing time.

This blog will show you an overview of the LLP registration process, requirements, fees, and processing time in Delhi:

To specifically define, a Limited Liability Partnership (LLP) is a legal corporate entity that offers partners limited liability protection. It combines the benefits of a traditional partnership, where partners have the freedom to manage their business operation, while enjoying the benefit of limited liability.

Typical Requirements to Register an LLP

• It should have a minimum of two partners, with no maximum limit.
• At least one designated partner should have a valid Director Identification Number (DIN) issued by the Ministry of Corporate Affairs (MCA).
• A valid address in Delhi must be provided, which should be the registered office of the LLP.
• A partnership agreement outlining the rights, duties, and profit-sharing among partners is to be drafted.

End-to-End Online Steps for Its Registration

Step 1. Get Digital Signature Certificate (DSC): Partners need to procure a DSC, which serves as a digital signature for online filing. It can be applied with the support of certified consultants in Delhi.

Step 2. File LLP Registration Form: Partners need to file Form 2 (Incorporation Document and Subscriber's Statement) online on the MCA portal. The form requires details of partners, registered office address, and other relevant information to be there.

Step 3. LLP Agreement: Partners must draft an LLP agreement that defines the rights, responsibilities, and profit-sharing ratios among partners.

Step 4. File LLP Agreement: Once the LLP agreement is prepared, partners need to file Form 3 (LLP Agreement) online on the MCA portal. They should have the necessary details and attachments.

Step 5. Payment of Fees: The applicable fees for LLP registration and filing the required forms need to be paid out online.

Step 6. Document Verification: The MCA or authorized authority will verify the submitted documents and may request additional information if necessary.

Step 7. Certificate of Incorporation: Upon successful verification, the MCA will issue a Certificate of Incorporation, confirming the registration of the LLP.

Checklist of Required Documents

• Identity Proof: PAN Card or Aadhaar Card of all partners.
• Address Proof: Aadhaar Card, Voter ID, Passport, or Driver's License of all partners.
• Registered Office Proof: Rental agreement, utility bill, or property ownership documents as proof of the registered office address.
• Partnership Agreement: Drafted LLP agreement containing relevant clauses and details of partners.

Fee and Processing Time

• Registration Fee: The LLP registration fee is based on the capital contribution of the LLP. It can range from a few thousand rupees to several thousand rupees. It's better to consult with an experienced chartered accountant or compliance consultant in Delhi.
• Processing Time: The processing time for LLP registration in Delhi is typically 15-20 working days, which is also subject to government processing.

Conclusion

LLP Company registration in Delhi offers the advantages of limited liability and the flexibility of partnership. By fulfilling the requirements, including having a minimum of two partners, designating a partner with a valid DIN, and providing a registered office address, partners can proceed with the online registration process. This involves obtaining a Digital Signature Certificate, filing the LLP registration form, submitting necessary documents, paying the applicable fees, and adhering to the processing time. LLP registration provides partners with a secure legal structure to conduct business while enjoying limited liability protection.