Law Firms in India – Right Place for LLP Registration and NBFC Registration

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Law Firms in India – Right Place for LLP Registration and NBFC Registration

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Secure your limited liability partnership with llp registration from law firms in india. Get affordable nbfc registration to give financial and transactional benefits to your company. You must involved with company registration india for company registration and also enjoy several of advantages for your company. – PowerPoint PPT presentation

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Title: Law Firms in India – Right Place for LLP Registration and NBFC Registration


1
Law Firms in India Right Place for LLP
Registration and NBFC Registration
2
Secure your limited liability partnership with
llp registration from law firms in india. Get
affordable nbfc registration to give financial
and transactional benefits to your company. You
must involved with company registration india for
company registration and also enjoy several of
advantages for your company.
3
llp registration, law firms in india, nbfc
registration, company registration india, logo
registration
4
As the name suggests, in a limited liability
partnership all the partners have limited
liability which means that every partner is
liable for its own actions and not for the acts
of others. Unlike a Partnership firm, in a LLP if
any negligence or misconduct is caused on the
part of ant partner, all others will be excluded
from the liability arising out of such misconduct
or negligence and the negligent partner alone
will be liable. In a limited liability
partnership, partners have a direct say in the
business i.e. they can manage the business
directly. A LLP is governed by the Limited
Liability Partnership Act 2008. One more
distinguishing feature of LLP is that a separate
legal entity which can sue and be sued in its own
name. llp registration Features of LLP 1) As
already stated in a LLP, all the partners are
liable for their own acts and not for the
negligence and misconduct of others.
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2) A LLP is a legal entity which is separate from
its partners and can sue and be sued in its own
name. nbfc registration 3) For constituting a
LLP, it should have minimum two partners and
there is no fixed limit for maximum no. of
partners. 4) The rights and duties of the
Partners will be fixed as agreed upon by them in
the agreement. The partners have a choice to
devise the agreement according to their own
convenience. 5) Liability of partners is limited
to their share in the LLP and except in the cases
of fraud it cannot be extended up to their
personal assets. company registration india 6)
LLP should maintain annual accounts and if the
contribution exceeds Rs. 25 lakhs or the annual
turnover exceeds Rs 40 lakhs. 7) It should be a
"for profit business".
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  • A LLP is a business which is not only easy to run
    and manage but is also east to wind up and
    dissolve. And because of comparatively lower cost
    of formation, lesser compliance requirements, a
    LLP is rather an advantageous form of
    partnership. The only restriction to LLP is that
    it cannot raise money from public.
  • Incorporation of LLP
  • First thing to be decided upon is about the
    partners and designated partners i.e. who all
    will be designated partners and who will be the
    partners in a LLP. law firms in india
  • 2) Then a Designated partner identification
    number and a digital certificate signature is to
    be obtained.

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3) Then the name of the LLP is to be decided and
it is to be checked whether it's available. It
can be checked on the official website of
ministry of corporate affairs. 4) Then comes the
drafting of LLP agreement on such terms and
conditions as may be agreed upon by the
partners. 5) After drafting the LLP agreement.
The partners can file the agreement along with
incorporation documents and obtain certificate of
incorporation from ministry of corporate affairs.
logo registration It is compulsory for a LLP to
be registered with the ROC. The name of the
public company should end with the word Limited
liability partnership or LLP.
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