LLP Registration in delhi (1) - PowerPoint PPT Presentation

About This Presentation
Title:

LLP Registration in delhi (1)

Description:

Visit For More: The above will help you set up your own organization legally and register your Private limited company in Delhi. 1daycompanyinc is an active organization completely authorized by the government which helps throughout the process making it more efficient and elucidated. – PowerPoint PPT presentation

Number of Views:17
Slides: 8
Provided by: 1daycompany
Category: Other

less

Transcript and Presenter's Notes

Title: LLP Registration in delhi (1)


1
LIMITED LIABILITY PARTNERSHIP
1 Day Company Inc
2
LIMITED LIABILITY PARTNERSHIP
  • Limited Liability Partnership(LLP) is an
    incorporated partnership formed by 2 or more
    persons.
  • LLP required to registered under the Limited
    liability Partnership Act, 2008.
  • Partners have limited financial liability.
  • LLP has feature of perpetual succession.
  • LLP form would enable entrepreneurs,
    Professionals and enterprises (including small
    and medium enterprises).
  • LLP shall have at least 2 designated partners
    at least one of them shall be a resident in
    india.

www.1daycompanyinc.com
3
BENEFITS OF LLP
  • Renowned form of business in service sector.
  • It is very easy to form LLP. Moreover, in terms
    of cost the minimum fees of incorporation is as
    low as Rs.800 and maximum is Rs.5600.
  • Liability for repayment of debts and lawsuits
    incurred by the LLP lies on it and not the owner.
  • The LLP Act does not regulated the LLP to large
    extent rather than allows partners the liberty to
    manage it as per their will and fancies..
  • It is easier to transfer the ownership in
    accordance with the terms of the LLP Agreement.
  • LLP are taxed at a lower rate also not subject
    to Dividend Distribution Tax , so there will not
    be any tax while you distribute profit to your
    partners.
  • A LLP being a regulated entity like company can
    attract finance from PE Investors, financial
    institutions etc.
  • where the annual turnover/contribution exceeds Rs
    40 Lacs/Rs 25 Lacs are required to get their
    account audited annually by a chartered
    accountant. This provides great relief to small
    businessmen.
  • The number of compliances are on lesser side in
    case of LLP.

www.1daycompanyinc.com
4
INCORPORATION PROCESS
  • Obtain DSC of class 2 or class 3 of proposed
    designated partner of LLP from any authorized
    certifying agency.
  • Register yourself on the website of MCA
    developed for LLP services.
  • Obtain Designated Identification Number (DIN) of
    all designated partners of the proposed LLP .
  • Open Form-1 for reservation of name and fill in
    the details. Select name of the proposed LLP
    (maximum 6 choices can be indicated).
  • Fill form-2 for incorporation document
    statement signed by designated partner a
    professional engaged in the formation of LLP.
  • A declaratory statement of complying with
    provisions of the LLP Act, 2008.
  • ROC shall issue a certificate of incorporation
    in Form-16 within 14 days of filing of form-2.
  • LLP agreement and partners details shall be file
    in form-3 within 30 days of incorporation.
  • Form-4 shall be filed regarding notice of
    appointment or his consent or partners details.

www.1daycompanyinc.com
5
REQUIRED DOCUMENTS
  • PAN Card of the Partners
  • Address Proof of the Partners
  • Utility Bill of the proposed Registered Office of
    the LLP
  • No-Objection Certificate from the Landlord
  • Rental Agreement Copy between the LLP and the
    Landlord

www.1daycompanyinc.com
6
ANNUAL COMPLIANCES
  • LLPs are required to maintain proper books of
    accounts on cash or accrual basis and according
    to its double entry system of accounting at its
    registered office for a specified period of time.
    (penalty in case of non compliance, LLP Rs.25k
    to 5 lac every designated partner Rs.10k to 1
    lac).
  • LLP is required to file an annual return in Form
    11 within 60 days of the closure of its financial
    year . (penalty in case of contravention, LLP -
    Rs.25k to 5 lac every designated partner
    Rs.10k to 1 lac).
  • LLPs are required to file a Statement of Account
    Solvency in form 8, within 6 months from the
    closure of the financial year and the said Report
    is signed by the designated partners of LLP.s of
    account .

www.1daycompanyinc.com
7
Contact Us
Phone No 91 9711849111
Website www.1daycompanyinc.com
Email Id info.1daycompanyinc_at_gmail.com
www.1daycompanyinc.com
Write a Comment
User Comments (0)
About PowerShow.com