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* Effective 15th July, 2024, DSC charges have increased by ₹ 1,000 per DSC, by the Government. This will be chargeable over and above the given prices.
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Delhi, the vibrant capital of India, is not only a hub of culture and history but also a thriving centre for business and entrepreneurship. With a growing number of startups and small businesses, the demand for flexible and efficient business structures has increased. One such structure that is gaining popularity is the Limited Liability Partnership (LLP).
LLPs combine the benefits of both partnerships and corporations, offering limited liability protection to partners while maintaining the operational flexibility of a traditional partnership. The LLP registration process in Delhi is straightforward and designed to promote ease of doing business.
Limited Liability Partnership (LLP) registration is the process of forming a business entity under the Limited Liability Partnership Act, 2008, in India. An LLP combines the features of a partnership and a corporation, providing partners with limited liability protection while allowing them to maintain operational flexibility.
This registration allows the business to operate as a separate legal entity, distinct from its partners, which means that the personal assets of the partners are protected from business debts and liabilities. The LLP structure is particularly appealing to small and medium-sized enterprises (SMEs) and startups, as it offers-
Here are the key benefits of LLP registration online in Delhi:
Partners are shielded from personal liability for the debts and obligations of the LLP, protecting their personal assets.
An LLP is recognised as a separate legal entity, allowing it to own property, enter contracts, and sue or be sued in its name.
LLPs provide the freedom to create a customised management structure and operational guidelines through the LLP agreement.
Compared to private limited companies, LLPs have fewer regulatory compliance obligations, making management easier and less time-consuming.
The existence of the LLP is not affected by changes in ownership or the departure of partners, ensuring continuity.
LLP incorporation does not require a minimum capital investment, making it accessible for small businesses and startups.
Partners have the freedom to determine their roles, responsibilities, and profit-sharing ratios, tailoring the LLP to their specific needs.
To register a Limited Liability Partnership (LLP) in Delhi, certain eligibility criteria must be met. Here’s a breakdown:
A minimum of two designated partners is required to form an LLP. There is no maximum limit on the number of partners.
At least one designated partner must be a resident of India. This ensures that there is a local representative responsible for compliance and management.
All designated partners must be at least 18 years old at the time of registration.
Designated partners should not be disqualified under any law for the time being in force. This includes restrictions on individuals who have been declared insolvent or have pending criminal charges.
You must provide several important documents when registering a Limited Liability Partnership (LLP) in Delhi. Here’s a comprehensive list:
PAN Card: A self-attested copy of the Permanent Account Number (PAN) card of each designated partner.
Address Proof: Self-attested copies of valid address proof documents, which can include:
Recent Utility Bill: A self-attested copy of a recent utility bill (electricity, water, or gas bill) not older than two months.
Bank Statement: A recent bank statement in the name of the designated partner, also not older than two months.
Passport-Sized Photographs: Two passport-sized photographs of each designated partner.
Proof of Registered Office Address: This can be demonstrated by submitting any of the following documents:
No Objection Certificate (NOC & Rent agreement)
If the registered office is a rented property, an NOC from the property owner is required.
Registering a Limited Liability Partnership (LLP) in Delhi involves a series of steps designed to ensure compliance with legal requirements. Here’s a step-by-step guide to the LLP registration process:
The designated partners must obtain a Digital Signature Certificate (DSC) with a one-year or two-year validity period for signing electronic documents.
Select a unique name for your LLP that adheres to the naming guidelines set by the Ministry of Corporate Affairs (MCA). Submit the LLP Reserve Unique Name (RUN) form to the MCA. You can propose up to two names for approval.
Prepare the LLP Agreement, which details the rights, duties, and profit-sharing ratio of the partners.
Complete the FiLLiP (Form for Incorporation of Limited Liability Partnership). Submit it along with required documents like a Subscriber sheet and consent of a Director (Form DIR-9)
Once the Registrar verifies your documents, you will receive a Certificate of Incorporation.
File the LLP Agreement using Form 3 on the MCA portal. This must be completed within 30 days of receiving the Certificate of Incorporation.
Open a bank account in the name of the LLP. This is essential for managing your LLP's finances and operations.
A Company Name and Trademark Search is fundamental for a strong business foundation, ensuring your brand is distinctive, legally sound, and conducive to growth, avoiding potential legal issues.
It is advisable to conduct a company name and trademark search before LLP registration to check whether your chosen name and mark comply with the MCA guidelines.
The next step is Trademark Registration which, helps you get exclusive rights and establish a unique identity. The process entails choosing a distinctive trademark, categorising it under relevant classes, and submitting a comprehensive application to the Trademark Registry, accompanied by the necessary documentation.
Utilise our free search feature to instantly and accurately search Company Names, Trademarks, Domain Names, and Social Media Handles associated with your business name in a single click.
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We offer details such as Company Identification Number (CIN), Allocation status, Incorporation date, and the state of an existing company, providing comprehensive information for informed decision-making. Get reliable information directly from the Trademark Database, MCA Database, and more- all in one place!
GST, or Goods and Services Tax, is a value-added tax imposed on goods and services consumption in India. It becomes mandatory for entities engaged in buying, selling, or providing services if their turnover surpasses the specified threshold. If your business turnover exceeds Rs. 40 Lakhs (for goods) and Rs. 20 Lakhs (for services), obtaining GST Registration is obligatory.
The registration process involves:
The GST Certificate includes a GSTIN - a 15-digit state-wise number for business identification. The first 2 digits of the GSTIN represent the GST code of the state/territory, which for Delhi is 07. Example of GSTIN in Delhi: 07AACCF3445D1ZM
Once registered, comply with regular GST return filing obligations, including GSTR-1, GSTR-3B, and others, depending on the nature of the business. Adhere to the rules and guidelines set by the Government to avoid facing penalty charges.
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* Effective 15th July, 2024, DSC charges have increased by ₹ 1,000 per DSC, by the Government. This will be chargeable over and above the given prices.
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Note that prices and required documents may vary depending on the company type.
To register a new Limited Liability Partnership (LLP) in Delhi, specific forms must be submitted to the Registrar of Companies (ROC) as part of the process. Here’s a rundown of the key LLP registration documents:
Purpose: Reserves the proposed name of the LLP, allowing up to two name options for approval.
When to file: After obtaining the Director Identification Number (DIN) and before submitting incorporation documents.
Purpose: Used to officially incorporate the LLP.
When to file: After reserving the name and drafting the LLP agreement.
Purpose: Files the LLP agreement with the ROC, outlining the rights, responsibilities, and duties of partners.
When to file: Within 30 days of LLP incorporation.
Purpose: Files the annual financial details of the LLP, including its solvency status.
When to file: Within 30 days after the end of the financial year.
Purpose: Submits the annual return detailing partner contributions and other partnership information.
When to file: Within 60 days from the end of the financial year.
In Delhi, the company registration process is overseen by various authorities involved in regulating and facilitating the incorporation and governance of businesses.
Here are the key authorities involved in the company registration process in Delhi:
MCA is a governing body responsible for administering corporate affairs and governance. It plays a central role in overseeing the functioning of corporate entities and ensuring compliance with statutory requirements.
You can also use the official MCA website to access important reports and register for services in different fields through the portal.
A Government body in India dedicated to the development and promotion of micro, small, and medium-sized enterprises in the country.
Suppose your business is engaged in manufacturing, service industries, wholesale, and retail trade. In that case, you are eligible to seek MSME/ Udyam registration, provided you meet the revised classification criteria based on annual turnover and investment.
While not mandatory, you can apply for MSME registration to take advantage of the various benefits offered, such as taxation, streamlined business establishment processes, credit facilities, and eligibility for various financial incentives and loans.
RoC is one of the regulatory authorities under the MCA, with functions such as approving the registration of new companies and limited liability partnerships (LLP) in India.
It plays a pivotal role in ensuring that incorporated entities adhere to various legal procedures and compliance requirements-
Appointment and resignation of Directors,
Appointment of Auditors,
Appointment of Company Secretary,
Filing of Annual Returns and Annual Financial Statements,
Post-incorporation Compliances and so on.
The current details of RoC (as of October 2024) for the Delhi NCR (Delhi and Haryana):
ROC Delhi
Email- roc.delhi@mca.gov.in
Address- Registrar Of Companies, 4th Floor, IFCI Tower, 61, Nehru Place,
New Delhi - 110019
The Registrar of Firms (RoF) is the designated authority responsible for overseeing the registration and management of Partnership Firms.
To register your partnership firm, visit the nearest sub registrar's office and submit the necessary documents, including a duly signed Form 1, an attested copy of the Notarised Partnership Deed, identity proof, proof of residence, etc.
In addition to the incorporation process, various licenses and permissions are essential for carrying out your business in Delhi. These are often contingent on factors such as the number of employees, the sector of operation, the type of business, and more.
Specific local bodies and administrative offices within the NCT are responsible for taking care of such regulatory licenses.
The Department of Trade & Taxes of NCT administers acts like The Delhi Goods and Services Tax (DGST), The Central Goods and Services Tax (CGST), The Integrated Goods and Services Tax (IGST), Delhi Value Added Tax, and The Central Sales Tax (CST).
The Trade License in Delhi is yet another crucial document issued by The Municipal Corporation of Delhi (MCD) to regulate and monitor trade activities at the city level.
The Labour Commissioner under NCT issues the “Ease of Doing Business” registration certificate under the Shop and Establishment Act to regulate business conduct. This might be mandatory in some cases.
A regulating authority that oversees the taxation aspects of businesses, including the issuance of Permanent Account Number (PAN) and ensuring compliance with income tax regulations.
The Delhi Region comprises nine territorial Chief Commissioners of Income Tax, along with one Chief Commissioner of Income Tax (Central), one Chief Commissioner of Income Tax (TDS), and one Director General of Income Tax (Investigation).
Alongside this, several other personnel oversee specialised functions for the overall department.
If your business is engaged in specific sectors, such as insurance, financial services, broadcasting, and defence-related services, you often require additional approvals and clearances from relevant regulatory bodies like the Reserve Bank of India (RBI), Insurance Regulatory and Development Authority of India (IRDAI), Securities and Exchange Board of India (SEBI), Ministry of Defence, etc. to operate legally and securely.
In Delhi, as in the rest of India, you can register several types of business structures. The choice of business structure depends on factors such as the nature of the business, scale of operations, ownership, and liability considerations.
Here are the common types of companies that can be registered in Delhi:
A Private Limited Company is privately owned and regulated under the Companies Act, making it a popular choice for startups and businesses.
Register your Private Limited Company in just ₹1,499 + Govt. Fee
An LLP, created under the Limited Liability Act 2008, offers limited liability and is often preferred by professionals and service providers.
Register your Limited Liability Partnership in just ₹1,499 + Govt. Fee
An OPC merges Private Limited Company features with Sole Proprietorship benefits, offering a single individual a separate legal entity with limited liability protection.
Register your One Person Company in just ₹1,499 + Govt. Fee
A Public Limited Company is a regulated business structure with limited liability that offers shares to the public for fundraising. It is ideal for large-scale multinational corporations.
A Sole Proprietorship is ideal for small businesses and freelancers. It features a single owner personally liable for all business obligations and minimal compliance requirements.
Under the Indian Partnership Act, a Partnership involves two or more individuals jointly sharing responsibilities, profits, and liabilities.
Here's a step-by-step checklist for registering an LLP in Delhi:
Obtain Digital Signature Certificate (DSC)
Draft LLP Agreement
Reserve the LLP Name through the LLP-RUN form
Submit Form FiLLiP for LLP incorporation
Obtain a Certificate of Incorporation
File Form 3 to submit the LLP Agreement within 30 days of incorporation
Open a business bank account in the LLP’s name
Registering a Limited Liability Partnership (LLP) in Delhi is a straightforward process.
An LLP (Limited Liability Partnership) offers partners limited liability, meaning they aren’t personally responsible for the firm’s debts, unlike traditional partnerships, where partners have unlimited liability, risking personal assets.
LLPs are legally separate entities, enabling them to own property and enter contracts independently, while traditional partnerships are not separate from their partners.
No, a Limited Liability Partnership (LLP) is typically not suitable for charitable activities. LLPs are primarily designed for profit-driven businesses where partners seek limited liability while conducting commercial activities.
For charitable or non-profit activities, entities like Section 8 companies (under the Companies Act, 2013) or trusts are more appropriate.
To register an LLP in Delhi, a minimum of two people (known as "Designated Partners") are required. Both designated partners must be over 18 years of age, and one of them must be a resident of India.
A designated partner in an LLP is an individual who is responsible for the management and compliance of the LLP. They play a crucial role in overseeing the day-to-day operations.
Yes, foreigners can incorporate an LLP in Delhi, but there are specific conditions and regulations they must follow.
Registering an LLP in Delhi typically takes 10 to 15 working days, depending on several factors, such as the availability of required documents, the time taken to reserve a unique name, and the processing speed of the Registrar of Companies (ROC). This timeframe can vary if additional approvals or document resubmissions are needed.
Yes, LLP registration is mandatory in Delhi (as it is across India) for any partnership intending to operate as a Limited Liability Partnership. Registration is essential to establish the LLP as a legal entity under the Limited Liability Partnership Act, 2008.
An LLP (Limited Liability Partnership) is particularly suitable for professional services firms (like law, consulting, and architecture), startups, and small to medium-sized businesses looking for limited liability protection.
No, an LLP does not require a Memorandum of Association (MoA) or Articles of Association (AoA). Instead, an LLP operates under an LLP Agreement, which outlines the partnership’s internal structure, roles, responsibilities, profit-sharing ratios, and other operational guidelines.
A Designated Partner Identification Number (DPIN) is a unique identification number required for all designated partners in a Limited Liability Partnership (LLP) in India. It is similar to a Director Identification Number (DIN) for Company Directors and is issued by the Ministry of Corporate Affairs (MCA).
To be appointed as a designated partner in an LLP, an individual must meet certain eligibility criteria:
If the number of partners in an LLP reduces to one, the LLP must add another partner within six months to comply with legal requirements. An LLP must have a minimum of two partners at all times, and if this condition is not met, it could lead to penalties or even the possibility of winding up the LLP if compliance is not restored within the stipulated time.
Yes, you can register an LLP at your home address in Delhi. The registered office of an LLP can be a residential or commercial property as long as it is a valid physical address where official communications and documents can be delivered.
GST registration for LLPs in Delhi, as in the rest of India, is not mandatory but depends on the nature and turnover of the business.
There is no minimum capital requirement mandated by law to start an LLP in Delhi. However, it's advisable to start with a capital contribution of ₹50,000.
The cost of LLP registration in Delhi can vary based on several factors, including government fees, professional charges, and any additional services required.
Choosing between a LLP and a Private Limited Company (Pvt Ltd) depends on various factors related to your business needs.
You can opt for:
* Effective 15th July, 2024, DSC charges have increased by ₹ 1,000 per DSC, by the Government. This will be chargeable over and above the given prices.
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