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LLP Agreement Drafting
Incorporation Certificate
DSC Tokens
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Digital Signature Certificate
Designated Partner's Identification Number (DPIN)
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LLP Registration in Mumbai

Mumbai, India's bustling commercial capital, offers an ideal environment for entrepreneurs looking to establish their businesses. Known for its vibrant economic ecosystem and a wealth of networking opportunities, Mumbai provides an exciting platform for startups and established firms alike. 

Limited Liability Partnership (LLP) registration in this city can be particularly advantageous for small to medium enterprises, professional services, and businesses seeking a flexible structure with limited liability protection.

LLP registration in Mumbai offers the dual benefits of a partnership model combined with the security of limited liability.  This means that partners can enjoy a collaborative business model while ensuring their personal assets are protected from liabilities. 

Bangalore Company Registration Process - Step-by-step guide to setting up your business in Bangalore.

What is LLP Registration?

LLP (Limited Liability Partnership) Registration is a legal process to establish a business as a Limited Liability Partnership in India, blending features of both partnership and corporate structures. 

An LLP allows partners to benefit from limited liability—where personal assets are safeguarded, and they are only liable up to their agreed capital contribution, unlike traditional partnerships where personal liability is unlimited.

 LLPs offer significant management flexibility and fewer regulatory obligations, making them a preferred option for small to medium enterprises, professional services, and consulting firms.

Key Features of LLP Registration in Mumbai:

  • Separate Legal Entity
  • Limited Liability
  • Flexible Structure
  • Perpetual Succession
  • Fewer Compliance Requirements
  • No Minimum Capital Requirement

Benefits of Registering an LLP in Mumbai

  1. Limited Liability Protection

    Partners are only liable up to their capital contribution, safeguarding personal assets from business liabilities.

  2. Separate Legal Entity

    The LLP is distinct from its partners, allowing it to own property, enter contracts, and operate independently, which enhances its credibility in business transactions.

  3. Ease of Compliance

    LLPs have fewer compliance requirements than corporations, making management and regulatory adherence simpler and more cost-effective.

  4. Flexibility in Management

    There is no requirement for a board of directors or structured meetings, so partners can manage the LLP with flexibility according to the LLP agreement.

  5. No Minimum Capital Requirement

    Unlike other entities, LLPs can start operations with any amount of capital, making it ideal for new ventures or small-scale businesses.

  6. Perpetual Succession

    LLPs continue to exist even if partners leave, retire, or are replaced, allowing the business to function continuously.

  7. Reduced Cost and Administrative Burden

    With minimal filing requirements and simplified management, LLPs can save on operational costs, making it an economical choice for small and medium-sized enterprises.

An LLP in Mumbai provides business owners with operational flexibility, legal protection, and tax efficiency, making it an appealing choice in India's financial capital.

Eligibility for Registering an LLP in Mumbai

For LLP company registration in Mumbai, applicants must meet certain eligibility criteria. Here’s a breakdown of the LLP eligibility criteria:

  1. Partners should be at least 18 years old.

  2. An LLP must have at least two designated partners who are responsible for regulatory and compliance matters. At least one designated partner must be an Indian resident.

  3. Partners should not have any history of criminal convictions related to financial offences or previous disqualifications under company or LLP regulations.

  4. Designated partners must obtain a DSC, as all LLP documents are filed online and require a digital signature.

Documents Required for LLP Registration in Mumbai

To register an LLP in Mumbai, several documents are needed to verify the identities of the designated partners and the registered office. Below is a comprehensive list of required LLP registration documents:

For Designated Partners:

  1. PAN Card: Self-attested copy of each designated partner's PAN card.

  2. Address Proof: Any of the following, self-attested and recent (not older than two months):

    • Passport
    • Driving License
    • Voter ID
    • Aadhar Card
  3. Residential Proof: Any of the following, self-attested and recent:

    • Bank statement
    • Telephone bill
    • Mobile bill
    • Electricity bill
  4. Passport-Sized Photos: Two recent photos of each designated partner.

For the Registered Office:

  1. Address Proof: Document evidencing the address of the LLP’s office, such as:

    • Electricity bill
    • Telephone bill
    • Gas bill
    • Property tax receipt
  2. Rental Agreement (if applicable): Required if the office is on leased premises.

  3. No Objection Certificate (NOC): Written consent from the property owner if the office is rented.

LLP Registration Process in Mumbai

Below is a step-by-step guide to LLP registration in Mumbai:

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

    Choose a DSC with either one-year or two-year validity from authorised Certifying Agencies. All designated partners need a DSC to digitally sign online documents.

  • Step 2: Name Reservation with LLP- RUN Form

    Submit the LLP-RUN (Reserve Unique Name) form to the Ministry of Corporate Affairs (MCA) to reserve your LLP's unique name. Propose up to two names in this form, ensuring they are distinct from other registered entities.

  • Step 3: File FiLLiP (LLP Incorporation Document)

    Submit the FiLLiP form to formally undergo the LLP registration process, specifying the LLP’s name, address, partners, and capital contribution. Include the Subscriber Sheet and Consent to Act as Partner.

  • Step 4: Draft the LLP Agreement

    Draft this agreement and ensure it aligns with the LLP Act. File it within 30 days of incorporation using Form 3 on the MCA portal.

  • Step 5: Obtain the Certificate of Incorporation

    Once the ROC approves all documents, you will receive the Certificate of Incorporation. This officially establishes your LLP.

  • Step 6:  Open a Bank Account

    Open a bank account in the LLP's name to handle all financial transactions.

By following these steps and ensuring all documents and forms are complete and accurate, you can streamline your LLP incorporation procedure in Mumbai.

Selection of a Company Name in Mumbai & Trademark Process

Before proceeding with LLP registration, it is recommended that you conduct a comprehensive name check to ensure compliance with MCA guidelines for your chosen name and mark.

Subsequently, the next step, the Trademark Registration process, grants exclusive rights and establishes a unique identity. The process involves selecting a distinctive trademark that effectively represents your brand, categorizing it under the appropriate class of goods or services, and submitting a detailed application to the Trademark Registry with the required documentation.

Tap into our free instant search feature to find company name availability, trademarks, domain names, and social media handles linked to your business name. Dive into a curated hub for accurate data directly sourced from the Trademark Database, MCA Database, and more – all at your fingertips!

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Check company name availability using our powerful name search tool.

Explore details like Company Identification Number (CIN), Allocation status, Incorporation date, and the current state of an existing company. Company registration name availability search will empower you with comprehensive information for well-informed decisions.

GST Requirements for LLP Registration in Mumbai

GST, or Goods and Services Tax, is a value-added tax levied on the consumption of goods and services in India. It is compulsory if your business buys, sells, or provides services once the turnover crosses the specified threshold. 

GST Registration is mandatory when the business turnover exceeds ₹40 Lakhs (for goods) and ₹20 Lakhs (for services). However, certain businesses must register even if their turnover is within the pre-defined threshold. Registration under GST is mandatory for all e-commerce operators, irrespective of the sales turnover.

The overall GST registration process for LLP outlines:

  • Visit the GST portal
  • Select "Register Now."
  • Fill in the details under the “User Credentials” form and click “Proceed”.
  • The next page will display all the GSTINs/Provisional IDs/UINs/GSTP IDs mapped to the same PAN across India. Click “Proceed”. You can also choose to download these details, if required. 
  • Complete the "OTP Verification” process entering the OTPs you’ve received via email and mobile (both OTPs will be different) Click “Proceed”. 
  • Your application will be displayed on your Dashboard under My Saved Application.

    • The status of your application will be displayed as “Draft” until it is submitted. Once it has been submitted it will change to “Pending for Validation”. 
    • Please make note of the expiry date, as all incomplete applications will be purged from the system after 15 days. 
  • To continue with your registration, click the Edit button (icon in blue square with white pen).

  • On the next page, you will find 10 tabs – Business Details, Promoter/ Partners, Authorised Signatory, etc. Click each tab to enter your details.

  • Once you reach the Verification Tab, enter the Name of the Authorised Signatory and the Place (the place where the form was filed) and digitally sign the application using either a Digital Signature Certificate (DSC)/ E-Signature or EVC. 

    • You can choose the E-Signature or EVC option if you mention your Aadhar number under the Authorised Signatory tab.
    • In the case of DSC, make sure your DSC is registered.
  • Click “Proceed when the warning pops up. 

  • Select your certificate and click “Sign”. 

  • Once done, a success message will be displayed. You will also receive your Application Reference Number (ARN) via email and SMS on your registered email address and mobile number in 15 minutes. 

  • You can now track your status by going to Services → Registration → Track Application Status.

  • A GST registration certificate is issued after submission, verification and approval.

  • The GST Certificate incorporates a GSTIN, a 15-digit state-wise identifier for businesses. The first 2 digits of the GSTIN represent the GST code of the state/territory, which for Mumbai (Maharashtra) is 27.

Example of GSTIN in Mumbai: 27AAAAP0267H2ZN

Once registered, issue GST-compliant invoices for the taxable supplies and comply with regular GST return filing obligations, including GSTR-1, GSTR-3B, and others, depending on the nature of the business. You can also claim an Input Tax Credit on the GST paid on the purchases related to the business.

It is crucial to adhere to the rules and guidelines set by the government under the GST framework to avoid facing penalty charges. 

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Choose Razorpay Rize for a seamless online LLP registration experience with no hidden charges.

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Our package includes:

  • Company Name Registration
  • 2 Digital Signature Certificates (DSCs)
  • 2 Designated Partners’ Identification Numbers (DPINs)
  • Certificate of Incorporation(COI)
  • LLP Agreement
  • Company PAN & TAN

Gain access to a reliable, transparent, and efficient LLP registration service so you can easily start and grow your business in Mumbai.

LLP Forms for LLP Registration in Mumbai

New LLP registration in Mumbai involves submitting specific forms to the Ministry of Corporate Affairs (MCA) and the Registrar of Companies (ROC). Here’s a breakdown of the essential LLP registration documents used throughout the process:

  1. Form RUN-LLP (Reserve Unique Name)

    • Purpose: To reserve a unique name for your LLP.

    • When to file: After acquiring the DSC and DIN for designated partners, but before incorporation.

  2. Form FiLLiP (Form for Incorporation of LLP)

    • Purpose: To apply for LLP incorporation. This form includes details of the LLP's name, address, designated partners, and their capital contributions.

    • When to file: Once the LLP name is reserved and the agreement is drafted.

  3. Form 3 (LLP Agreement)

    • Purpose: To file the LLP Agreement, which outlines the rights, responsibilities, and profit-sharing ratio of partners.

    • When to file: Within 30 days of receiving the Certificate of Incorporation.

  4. Form 8 (Statement of Account & Solvency)

    • Purpose: To submit the annual statement that reports the LLP's financial position, including the solvency status.

    • When to file: Within 30 days of the end of the financial year.

  5. Form 11 (Annual Return)

    • Purpose: To provide an annual update on the LLP’s details, including changes in partners, contributions, and compliance.

    • When to file: Within 60 days from the end of the financial year.

Each of these forms has a specific role in ensuring compliance and transparency for LLPs. Filing these forms accurately and on time is crucial for maintaining a legally sound LLP in Mumbai.

Company Registration Authorities in Mumbai

  1. Ministry of Corporate Affairs (MCA)

    The MCA serves as a regulatory authority tasked with overseeing corporate affairs and governance.

    It holds a pivotal position in monitoring the operations of corporate entities and verifying adherence to statutory obligations.

    Additionally, individuals can leverage the official website of the MCA to obtain crucial reports and avail themselves of various services across different domains by registering through the portal.

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

    The Ministry of MSME is a government body in India dedicated to fostering the growth and support of micro, small, and medium-sized enterprises (MSMEs) throughout the nation.

    Although not obligatory, seeking MSME/Udyam registration allows you to leverage a range of benefits, including tax advantages, simplified business establishment procedures, access to credit facilities, and eligibility for diverse financial incentives and loans.

    Udyam registration is a valuable step for MSMEs in India, offering official recognition and facilitating access to several government schemes and support mechanisms.

    If your business operates in manufacturing, service industries, or wholesale and retail trade, you can apply for MSME registration, provided you meet the eligibility 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
  3. Registrar of Companies (RoC)

    The Registrar of Companies (RoC), operating within the framework of the Ministry of Corporate Affairs (MCA), holds a regulatory role, including responsibilities such as approving the registration of new companies and limited liability partnerships (LLPs) in India. 

    Its crucial function lies in overseeing the compliance of incorporated entities, which includes, but is not limited to, processes like appointing and resigning directors, appointing auditors and company secretaries, and fulfilling obligations such as filing annual returns, submitting annual financial statements, and adhering to post-incorporation compliances.

    Maharashtra has two RoCs, one in Mumbai and the other one in Pune. The current details of RoC (as of October 2024) for the Mumbai Region: 

    • ROC- Mumbai
      Email- roc.mumbai@mca.gov.in
      Address- Registrar Of Companies, 100, Everest, Marine Drive,
      Mumbai- 400002, Maharashtra

  4. Registrar of Firms (RoF)

    RoF is the authority responsible for overseeing the registration and regulation of Partnership Firms. In India, partnership firms are governed by the Indian Partnership Act, and the Registrar of Firms plays a vital role in managing the registration process and maintaining the records of registered partnerships.

    In India, the RoF operates at the state level, and therefore, Maharashtra (Mumbai) has its own RoF responsible for partnership registrations within that jurisdiction.

    The current details of RoF (as of October 2024) for the Mumbai Region:

    Registrar of Firms, Maharashtra State, Mumbai
    New Administrative Building, 6th Floor, Near Chetna College, Govt. Colony, Bandra (East),
    Mumbai- 400 051
    Ph No. 022-26551149 & 022-20860591

  5. Government of Maharashtra

    Depending on the nature of the business, the Maharashtra Government may be involved in granting licenses and permits necessary for specific activities. This includes coordination with local authorities for trade licenses and Professional Tax registration for businesses. 

    The state government collaborates with other regulatory authorities to formulate and implement industrial policies that impact business registration and growth.

    • The Department of Goods and Services Tax of Maharashtra is responsible for the implementation and administration of GST within the state. It operates under the broader framework of the Goods and Services Tax Council, which is a constitutional body responsible for formulating policies and making recommendations on issues related to GST.

    • For businesses operating in Mumbai, local municipal authorities, including the Brihanmumbai Municipal Corporation (BMC), may be involved in granting specific licenses and registrations related to local business operations like Trade Licenses, Professional Tax Enrolment Certificate (PTEC), and Professional Tax Registration Certificate (PTRC). These are essential registrations for businesses operating in Maharashtra and various other states. 

      PTEC enables a business entity to pay its professional tax, covering both the company and its directors or owners, professionals, and sole proprietors. Conversely, PTRC empowers employers to deduct and remit professional tax from the employees, ensuring compliance with government regulations. 

    • If a business is set up in an industrial area, the Maharashtra State Industrial Development Corporation (MIDC) provides industrial infrastructure and assists in the establishment of industries in Maharashtra. The Ease of Doing Business portal facilitates the approvals required to start a business in Maharashtra through Single Window Clearance. 

  6. Income Tax Department

    A regulatory body responsible for managing the tax-related aspects of enterprises, including the issuance of Permanent Account Number (PAN) and ensuring adherence to income tax regulations.

    The Mumbai Region has 11 territorial Chief Commissioners of Income Tax, 2 Chief Commissioners of Income Tax (Central), one Chief Commissioner of Income Tax (TDS), one Chief Commissioner of Income Tax (IT & TP)  and one Director General of Income Tax (Investigation). 

For businesses operating in sectors like insurance, financial services, broadcasting, and defense-related services, you must obtain additional approvals and clearances from certain regulatory bodies such as 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. This Is often necessary for lawful and secure operations.

Types of Companies You Can Register in Mumbai

In Mumbai, you can register companies based on your business requirements and structure preferences. Here are some common types:

  1. Private Limited Company

    A preferred choice for startups and businesses, the Private Limited Company operates under the regulation of the Companies Act. 

    Register your Private Limited Company in just 1,499 + Govt. Fee

    Register your business
  2. Limited Liability Partnership (LLP)

    Established in accordance with the Limited Liability Act of 2008, an LLP provides limited liability and is commonly favoured by professionals and service providers.

    Register your Limited Liability Partnership in just 1,499 + Govt. Fee

    Register your business
  3. One Person Company (OPC)

    Designed for individuals seeking to establish a company with limited liability and single ownership. 

    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

    Sole Proprietorship is ideal for small businesses and freelancers, with a single owner personally liable for all business obligations.

  6. Partnership Firm

    As per the Indian Partnership Act, a Partnership is established when two or more individuals jointly assume responsibilities, share profits, and shoulder liabilities.

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Checklist for the LLP Registration in Mumbai

Here’s a checklist to help guide you through the LLP registration process in Mumbai:

  • Identify Designated Partners

  • Obtain Digital Signature Certificate (DSC)

  • Choose a Unique Name

  • Reserve Name with LLP- RUN Form

  • Draft the LLP Agreement

  • File Incorporation with FiLLiP Form

  • Submit LLP Agreement with Form 3

  • Receive Certificate of Incorporation

  • Open Bank Account in LLP Name

A Closer Look at Mumbai

Frequently Asked Questions

How to register an LLP in Mumbai?

  1. Obtain Digital Signature Certificate (DSC): All designated partners must acquire a DSC for secure document submission.
  2. Reserve a Unique Name: File the LLP-RUN (Reserve Unique Name) form through Razorpay Rize, proposing up to two names for MCA approval.
  3. Draft the LLP Agreement: Create an agreement outlining partner rights, responsibilities, profit-sharing, and operational guidelines.
  4. Incorporate with FiLLiP: Submit the FiLLiP form to formally incorporate your LLP.
  5. Receive Certificate of Incorporation: Upon approval, you’ll obtain a Certificate of Incorporation, confirming your LLP’s official registration.
  6. File LLP Agreement: Submit the LLP Agreement through Form 3 on the MCA portal within 30 days.
  7. Open a Bank Account: Use your PAN and TAN to open a bank account in your LLP’s name for effective financial management.

What is the difference between LLP and a traditional partnership firm?

An LLP (Limited Liability Partnership) provides partners with limited liability, protecting personal assets from business debts. In contrast, traditional partnerships hold partners personally liable for debts, potentially risking their assets. Additionally, an LLP is a separate legal entity, allowing it to own property and enter contracts independently, whereas a traditional partnership lacks this distinct legal status.

Can a charitable activity be carried out under LLP?

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.

How many people are required to start an LLP?

To register an LLP in Mumbai, 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.

Who is a designated partner in an LLP?

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.

Can foreigners incorporate an LLP in Mumbai?

Yes, foreigners can incorporate an LLP in Mumbai, but there are specific conditions and regulations they must follow.

How many days does it take to register an LLP in Mumbai?

LLP registration in Mumbai 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.

Is LLP registration mandatory in Mumbai?

Yes, LLP registration is mandatory in Mumbai (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.

What type of business is LLP suitable for?

An LLP is particularly suitable for professional services firms (like law, consulting, and architecture), startups, and small to medium-sized businesses looking for limited liability protection.

Does LLP require a Memorandum of Association (MoA) and Articles of Association (AoA)?

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.

What is DPIN in the context of LLP registration?

A Designated Partner Identification Number (DPIN) is a unique identification number required for all designated partners in an 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). 

What is the eligibility to be appointed as a designated partner in an LLP?

To be appointed as a designated partner in an LLP, an individual must meet certain eligibility criteria:

  • The individual must be at least 18 years old.
  • They must be legally capable of entering into a contract, meaning they are of sound mind and not disqualified from managing a business.
  • At least one designated partner in an LLP must be a resident of India (i.e., they must have stayed in India for a minimum of 182 days during the preceding year).
  •  Individuals who have been declared insolvent or disqualified by a court from managing a company cannot be designated partners.

What happens if the number of partners in an LLP reduces to one?

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.

Can I register an LLP at my home address in Mumbai?

Yes, you can register an LLP at your home address in Mumbai. 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.

Is GST registration mandatory for LLPs in Mumbai?

GST registration for LLPs in Mumbai, as in the rest of India, is not mandatory but depends on the nature and turnover of the business.

How much initial investment is required to start an LLP?

There is no minimum capital requirement mandated by law to start an LLP in Mumbai. However, it's advisable to start with a capital contribution of ₹50,000.

What is the cost of LLP registration in Mumbai?

The LLP registration fees in Mumbai can vary based on several factors, including government fees, professional charges, and any additional services required. 

Which is better: LLP or Private Limited Company?

Choosing between a LLP and a Private Limited Company (Pvt Ltd) depends on various factors related to your business needs. 

You can opt for:

  • LLP:  If you value operational flexibility, have a smaller business, or want fewer compliance obligations.
  • Private Limited Company: If you plan to scale, seek outside investment, or prefer a formal structure with clear governance.

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Prakhar Shrivastava
foxsell.app
We would recommend Razorpay Rize incorporation services to any founder without a second doubt. The process was beyond efficient and show's razorpay founder's commitment and vision to truly help entrepreneur's and early stage startups to get them incorporated with ease. If you wanna get incorporated, pick them. Thanks for the help Razorpay.

#entrepreneur #tbsmagazine #rize #razorpay #feedback
Dhaval Trivedi
TBS Magazine
Hey, Guys!
We just got incorporated yesterday.
Thanks to Rize team for all the Support.
It was a wonderful experience.
CHEERS 🥂
#entrepreneur #tbsmagazine #rize #razorpay #feedback
Dhaval Trivedi
Nayan Mishra
https://zillout.com/