Form FiLLiP is the form for LLP Registration on MCA Portal. Under this article, we have discussed about the information and details required to file Form FiLLiP on MCA Portal.
Incorporation of an LLP is a three-step process:
- Application for Name Approval through RUN-LLP service on MCA
- Incorporation of LLP by filing Form FiLLiP electronically on the MCA Portal
- Register LLP Agreement with MCA by filing Form 3
Information required to file Form FiLLiP on MCA
- Basic information of the proposed LLP
If the ROC has approved the name of the LLP, details can be prefilled from the SRN of RUN-LLP filed for name approval- SRN of RUN-LLP
- Address of registered office of the LLP
- Phone and email of the LLP
- The main division of industrial activity of the LLP based on its business activities. This must be as per the specified list in NIC-2004
[How can I apply for reservation of name through RUN-LLP service of MCA?]
- Details of partners and designated partners
- Number of designated partners or partners of the LLP having a valid DIN/DPIN or invalid DIN/DPIN
- Details of designated partners or partners for allotment of DIN / DPIN
- The total monetary value of the contribution of all the partners in the LLP
[What information is required to apply for allotment of DIN/DPIN?]
- Details of proposed name or approved name
- The proposed or approved name
- The significance of words in the proposed or approved name
- Names of vernacular languages used in the proposed or approved name
- If the proposed name is based on a registered trademark or a pending trademark application, details of the trademark or the pending application are required
- DIN/DPIN/PAN of the designated partner giving consent to sign Form FiLLiP on behalf of the LLP
- Membership Number of the practicing professional attesting Form FiLLiP
FAQs
Every LLP whose turnover exceeds INR 1 Cr. in case of a business or INR 50 Lakh in case of a profession is required to get its books of accounts tax audited under section 44AB of the Income-tax Act.
Following are the documents required to register LLP on MCA portal:
1. DPIN (Designated Partner’s Identification Number) Application
2. Copy of Resolution
3. Registered Office Proof
4. Subscriber’s Sheet
5. Details of LLP or Company
6. Documents regarding the proposed name of LLP
7. Any Optional Attachment
LLP formation starting from obtaining DSC to Filing Form 3 takes approximately 15 days subject to availability of all the documents.
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!