LLP Registration in Delhi

What is LLP Registration?

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- 

• Limited Liability Protection
• Separate Legal Entity
• Flexible Management
• No Minimum Capital Requirement
• Perpetual Succession
• Easy Compliance

Benefits of Registering an LLP in Delhi

Here are the key benefits of LLP registration online in Delhi:

1. Limited Liability Protection

   Partners are shielded from personal liability for the debts and obligations of the LLP, protecting their personal assets.
   

2. Separate Legal Entity

   An LLP is recognised as a separate legal entity, allowing it to own property, enter contracts, and sue or be sued in its name.
   

3. Flexible Management Structure

   LLPs provide the freedom to create a customised management structure and operational guidelines through the LLP agreement.
   

4. Minimal Compliance Requirements

   Compared to private limited companies, LLPs have fewer regulatory compliance obligations, making management easier and less time-consuming.
   

5. Perpetual Succession

   The existence of the LLP is not affected by changes in ownership or the departure of partners, ensuring continuity.
   

6. No Minimum Capital Requirement

   LLP incorporation does not require a minimum capital investment, making it accessible for small businesses and startups.
   

7. Greater Operational Flexibility

   Partners have the freedom to determine their roles, responsibilities, and profit-sharing ratios, tailoring the LLP to their specific needs.
   

Eligibility for Registering an LLP in Delhi

To register a Limited Liability Partnership (LLP) in Delhi, certain eligibility criteria must be met. Here’s a breakdown:

1. Minimum Number of Partners

   A minimum of two designated partners is required to form an LLP. There is no maximum limit on the number of partners.
   

2. Designated 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.
   

3. Age

   All designated partners must be at least 18 years old at the time of registration.
   

4. No Disqualification

   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.
   

Documents Required for LLP Registration in Delhi

You must provide several important documents when registering a Limited Liability Partnership (LLP) in Delhi. Here’s a comprehensive list:

LLP Registration Process in Delhi

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:

• Step 1: Obtain a Digital Signature Certificate (DSC)

  The designated partners must obtain a Digital Signature Certificate (DSC) with a one-year or two-year validity period for signing electronic documents.
  

• Step 2: Name Reservation

  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.
  

• Step 3: Draft the LLP Agreement

  Prepare the LLP Agreement, which details the rights, duties, and profit-sharing ratio of the partners.
  

• Step 4: Fill and Submit FiLLiP

  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) 
  

• Step 5: Obtain a Certificate of Incorporation

  Once the Registrar verifies your documents, you will receive a Certificate of Incorporation.
  

• Step 6: File LLP Agreement

  File the LLP Agreement using Form 3 on the MCA portal. This must be completed within 30 days of receiving the Certificate of Incorporation.
  

• Step 7: Open a Bank Account

Open a bank account in the name of the LLP. This is essential for managing your LLP's finances and operations.

Selection of a Company Name in Delhi & Trademark Process

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.

Searching for a company name?

Check company name availability using our powerful name search tool.

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 Requirements for LLP Registration in Delhi

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:

• Visit the GST portal. 
• Click on "Register Now."
• Complete the "Part A" form.
• Fill out "Part B," submit business details, and upload the necessary documents.
• The necessary documents include PAN, Aadhar, business registration documents, bank statements, and photographs of the proprietor/partners/directors.
• After submission, the application undergoes verification, and upon approval, a GST registration certificate is issued.

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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LLP Forms

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:

1. Form LLP- RUN (Reserve Unique Name)

   • 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.
     

2. FiLLiP (Incorporation Document)

   • Purpose: Used to officially incorporate the LLP.
     

   • When to file: After reserving the name and drafting the LLP agreement.
     

3. Form 3 (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.
     

4. Form 8 (Statement of Account and Solvency)

   • 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.
     

5. Form 11 (Annual Return)

   • 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.
     

Company Registration Authorities in Delhi

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:

1. Ministry of Corporate Affairs (MCA)

   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. 
   

2. Ministry of Micro, Small and Medium Enterprises (MSME)

   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. 

   Micro

   Small

   Medium

   Investment

   < Rs.1 Crore

   < Rs. 10 Crores

   < Rs. 50 Crores

   Annual Turnover

   <Rs. 5 Crores

   < Rs. 50 Crores

   < Rs. 250 Crores

   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.

3. Registrar of Companies (RoC)

   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
     

4. Registrar of Firms (RoF)

   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.
   

5. Government of National Capital Territory of Delhi(NCT)

   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.

6. Income Tax Department

   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. 

Types of Companies You Can Register in Delhi

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:

1. Private Limited Company

   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

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2. Limited Liability Partnership (LLP)

   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

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3. One Person Company (OPC)

   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

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4. Public Limited Company

   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.

5. Sole Proprietorship

   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.

6. Partnership Firm

   Under the Indian Partnership Act, a Partnership involves two or more individuals jointly sharing responsibilities, profits, and liabilities.

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Checklist for the LLP Registration in Delhi

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

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