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The Subscriber Sheet records the initial subscribers' intention to become shareholders, partners, or members of the newly formed entity. It serves as legal evidence of the initial members' or shareholders' agreement to participate in the company or partnership and establishes the initial ownership structure.
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The Subscriber Sheet records the initial subscribers' intention to become shareholders, partners, or members of the newly formed entity. It serves as legal evidence of the initial members' or shareholders' agreement to participate in the company or partnership and establishes the initial ownership structure.
- Open the template in MS word.
- Fill the relevant information and get it signed by the subscribers.
- Get it validated and signed by a witness, usually a professional.
- File along with the other Incorporation documents.
Subscriber Sheet for LLP
The Subscriber Sheet documents the initial commitment of subscribers to assume roles as shareholders, partners, or members in the recently established entity.
It acts as a legal confirmation of the initial members' or shareholders' agreement to engage in the company or partnership, laying the foundation for the initial ownership arrangement.
Format of a Subscriber Sheet
- Partner Information:
This section includes names of partners, DIN and their designation in the said LLP (Whether they are Designated Partners or Partners). - Signature of Partners:
Underneath the statement where partners agree to contribute capital to the registered LLP, this section ensures that there are proper signatures beside the particulars of each partner. - Witness Information:
Signatures of witnesses who attest to the subscribers' signatures along with their details like name, profession and professional no., if any. - Date & Place of Subscription:
The date and place on which the subscribers commit to taking partnership in the LLP.
Documents Required while submitting a Subscriber Sheet in India
The necessary documents for submission include:
- Director Identification Number (DIN) of Partners: DIN is a unique alphanumeric identifier assigned to every individual appointed as a Director/Partner.
- Digital Signature Certificate (DSC) of Subscribers/Partners: DSC is a secure digital key issued by a Certifying Authority (CA), validating the identity of the Subscriber/Partner during the submission of forms to Government Authorities.
- Witness Details: Professional Number or Membership number of a practicing professional, such as an Advocate, Company Secretary, Chartered Accountant, Cost Accountant, etc.
How to Submit Subscriber Sheet?
Here's the procedure for submitting the Subscriber Sheet as part of the LLP registration process:
- Log in to the MCA portal using valid credentials.
- Navigate to “MCA services” and then select “E-Filing.”
- Choose “LLP Forms Download” from the menu.
- Under the header “Name reservation and LLP incorporation,” find “Form FiLLiP” and access it.
- Complete the application in Form FiLLiP.
- Proceed to "Consent to Act as Designated Partner” and attach the Subscriber Sheet.
- The attachment shall be either in pdf or .jpg format. The size of the attachment can be up to 2MB
- Submit the webform.
- Proceed further as intended. Refer to the FiLLiP submission process.
Fees for Subscriber Sheet in India
There are no additional fees associated with the submission of the Subscriber Sheet. You can conveniently include it with the rest of your incorporation attachments and documents as part of the FiLLiP submission process.
Frequently Asked Questions
Is the submission of the Subscriber Sheet mandatory during LLP registration?
Yes, submitting the Subscriber Sheet is a mandatory requirement during the LLP registration process. It provides essential details about the initial partners or subscribers of the LLP as well as their agreement to the partnership.
How can I download a Subscriber Sheet template for LLP registration?
The Subscriber Sheet template can be downloaded from here and can be submitted after making necessary changes as an attachment in the FiLLiP form during LLP Registration.
Can changes be made to the Subscriber Sheet after LLP registration is complete?
Once the LLP is registered, any changes to the Subscriber Sheet, such as adding or removing partners, will need to be officially documented and filed with the regulatory authorities.
Who can be the witness of an LLP subscriber sheet?
The LLP subscriber sheet requires a witness and they must be a qualified professional, such as a Lawyer, Chartered Accountant, Company Secretary, or Cost Accountant.
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