Process of LLP Registration on MCA (E-forms RUN-LLP and FiLLiP)

It has now become easy to start a business by incorporating a company or an LLP. MCA has introduced simplified rules for process of LLP Registration by introducing e-forms RUN-LLP and FiLLiP.

Limited Liability Partnership (LLP) Registration
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Limited Liability Partnership (LLP) Registration
Need the help of an expert for LLP Registration? We can help you out!
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RUN-LLP Service: Reserve Unique Name – LLP Registration Process

This is a service through which the applicant can reserve a name for its new LLP or for changing the name of an existing LLP. Under this service, you can apply for two proposed names only. The applicant must pay a fee of INR 200 online without the pay later option. Then, MCA shall process the request and send an email with an acknowledgement letter for approval or rejection of the proposed name.

Following are not required for name reservation through the RUN-LLP service of MCA:

  1. DPIN i.e. Designated Partner Identification Number
  2. DIN i.e. Director Identification Number
  3. DSC i.e. Digital Signature

Form FiLLiP: Form for LLP Registration Process

Post the approval of the name by the MCA, you can apply for the LLP Registration process on filing Form FiLLiP. The following services are inclusive under this form:

  • Reservation of name for the proposed LLP
  • Application for allotment of DPIN for the designated partners
  • Incorporation of the proposed LLP

DSC i.e. Digital Signature of anyone designated partner is mandatory for filing Form FiLLiP. Form FiLLiP should be filed electronically on the MCA Portal on payment of prescribed fee based on the amount of contribution.

Form 3 – Register LLP Agreement

Once the process of incorporation is complete by filing Form FiLLiP, the next step is to register the LLP Agreement with MCA. LLP Agreement is a legal document in the form of a contract between the partners. It should be signed by all the partners and duly notarized. Important information such as profit sharing ratio, amount of contribution, nature of the business activity, rights and duties of partners, etc are defined in the LLP Agreement.

E-Forms for LLP Services

Service Options
Change in name of an existing LLP RUN Service LLP – Reservation of name
Form 5 – Notice for change of name
Incorporation of a new LLP Option 1
RUN Service LLP – Reservation of name
Form FiLLiP – DPIN allotment and Incorporation
Form 3 – Registration of LLP Agreement
Option 2
Form FiLLiP – Reservation of name, DPIN allotment and Incorporation
Form 3 – Registration of LLP Agreement

FAQs

How much time is involved in registration process of LLP?

Generally LLP registration process starting from obtaining DSC to Filing Form 3 takes approximately 15 days subject to availability of all the documents.

Is an LLP agreement required to be registered?

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

Can LLP have directors?

Yes. Just like a company, LLP is a Body Corporate having a separate legal entity and hence LLP can have its own internal management structure.

Got Questions? Ask Away!

  1. 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!

  2. 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!

  3. 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!

  4. 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!

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