MCA (Ministry of Corporate Affairs) had notified revised rules for LLP (Limited Liability Partnership) Incorporation. These rules became effective from 02/10/2018. MCA fee for LLP Registration comprises of the following:
RUN-LLP Service – LLP Registration
Request for name reservation of LLP can be submitted through the RUN service on MCA. Details need to be filled online and the request can be submitted on payment of a fee of Rs.200/- There is no PayLater option to make the payment. Before applying for reservation of name, applicant must check the rules for selection of LLP name.
Form FiLLiP – LLP Registration
This is an e-form for the Incorporation of LLP. It should be filed electronically on the MCA Portal. The fee charged depends on the total amount of contribution to start the LLP. There is a Pay Later option under which the user can upload the e-form and generate SRN. Payment can be made later before the last date mentioned on the PayLater Challan.
| Amount of Contribution (Rs.) | Fees (Rs.) |
| Up to 1,00,000 | 500 |
| 1,00,000 < contribution < 5,00,000 | 2000 |
| 5,00,000 < contribution < 10,00,000 | 4000 |
| More than 10,00,000 | 5000 |
Form 3 – LLP Registration
This is an e-form for registering the LLP Agreement with the MCA. It should be filed electronically on the MCA Portal. The fee charged depends on the total amount of contribution to start the LLP. There is a Pay Later option under which the user can upload the e-form and generate SRN. Payment can be made later before the last date mentioned on the PayLater Challan.
| Amount of Contribution (Rs.) | Fee (Rs.) |
| Up to 1,00,000 | 50 |
| 1,00,000 < contribution < 5,00,000 | 100 |
| 5,00,000 < contribution < 10,00,000 | 150 |
| More than 10,00,000 | 200 |
Stamp Duty – LLP Registration
There is no stamp duty required to be paid in the entire process of LLP incorporation. Unlike the incorporation of other entities on MCA, LLP Registration Fee does not include Stamp Duty.
FAQs
LLP formation starting from obtaining DSC to Filing Form 3 takes approximately 15 days subject to availability of all the documents.
Execution of an 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.
For NRIs and Foreign officials, it is mandatory to submit their passports. It is an identity proof requirement for becoming a partner in any Indian LLP.
Hello @Shelly_Trivedi
In order to register an LLP on Ministry of Corporate Affairs, the first step is to reserve a name for the proposed LLP. In order to reserve name, RUN-LLP needs to be filled out on MCA along with 2 proposed names of the LLP and NoC, if any required by paying a fee of Rs. 200/-
Once the name has been approved by MCA, the name is valid for a period of 3 months within which e-Form FiLLiP needs to be filed along with documents as may be required, for incorporating the LLP. The fees of filing e-Form FiLLiP depends on the contribution of the LLP.
Hope this helps!
Hey @AM_POWER
As per the Limited Liability Partnership Act, 2008, Financial Year is defined as under:
" financial year, in relation to a limited liability partnerships, means the period from the 1st day of April of a year to the 31st day of March of the following year:
Provided that in the case of a limited liability partnership incorporated after the 30th day of September of a year, the financial year may end on the 31st day of March of the year next following that year;"
Hence, an LLP incorporated in February, 2019 can opt for closing its books of accounts in March, 2021. Thus you don’t need to make the compliances for FY 2019-20, as the first financial year will be from February 2019, to March, 2021.
Hope this helps!
Hey @AM_POWER
There was a typo in the previous post regarding the financial year.
However, you wont be able to take the benefit of Financial Year in your case so what you can do is raise a complaint on MCA and explain that Form-3 wasnt approved. Or you can contact your local ROC for this.
Hope this helps!
Hey @AM_POWER
For Form-8 (Section 34) and Form-11 (Section 35) of the LLP Act, 2008, specifies that if any LLP fails to file its annual return before the expiry of the periods specified, such LLP and the Designated Partners shall be liable to pay a penalty of Rs. 100/- per day, subject to maximum Rs. 100,000/-
The above provisions are subject to any extensions that may have been provided by MCA for that financial year.
You can check out the LLP Act, 2008 here.
Hope this helps!
Hi @Mohit_More
In order to add or remove Designated Partner of an LLP, e-Form - 4 needs to be filed within 30 days of such addition/ removal.
You can learn more about making changes in Designated Partners of LLP here
Hope this helps!
Hello @Rachit_Awasthi1
LLP Agreement shall be filed in e-Form-3 within 30 days of incorporation.
Here’s an article that explains LLP Agreement in details
Hey @Vicky_Singh
The major advantages of an LLP over a partnership firm is that an LLP has a separate legal existence than its owners and the liability of the partners of an LLP is limited which is not the case in a partnership firm.
You can read more about the process of converting an a partnership into an LLP here:
Hope this helps!
I had a query, how can I file Annual Return for LLP?
Hey @Nandana
Annual return of LLP is to be filed in e-Form 11. Fill in the details regarding LLP and Designated Partners like their contribution, etc. Details of LLP and or company in which Partner/Designated Partner are a Director/Partner is mandatory to attach with the form.
Hope this helps!
Hey @Ujvin_Nevatia
As per LLP Act, Financial Year means the period starting 1st of April and ending 31st March of the following year. However, since your LLP has been incorporated after 1st April, your financial year will start from the date of incorporation, i.e., 07/11/2020.
Details of Designated Partners is a mandatory attachment for Form-11 even if the Designated Partners are not Directors/ Designated Partners in any other entity. You can mention “NIL” in the field where you are supposed to mention the name of LLP/Company against the DPIN or each Designated Partner.
You can download the format of details of designated partners here
Hope this helps!