Article contains FAQs On Nature Of Limited Liability Partnership (LLP), Applicability Of The LLP Act, Partners And Designated Partners, LLP Agreement, Registration, Change In Partners, Partners’ Contribution And Transactions Of Partners With LLP, Liability Of Partners, Disclosure, Audit And Filing Requirements, Investigation Of Affairs Of LLPs And Role Of Government To Check Unscrupulous LLPs Etc., Taxation, Conversion Of Other Entities Into LLPs And Vice Versa, Merger And Winding-Up Of LLPs, Offences & Penalties And Jurisdiction Of Courts/Tribunal, Miscellaneous Provisions, Introduction Of LLP Bill, 2006 In The Parliament And Examination By Standing Committee And Subsequent Action.
FAQs On LLP E-Filing
Q.1 What are the steps to incorporate LLP?
Ans: Name reservation: The first step to incorporate Limited liability partnership (LLP) is reservation of name of LLP. Applicant has to file eForm 1, for ascertaining availability and reservation of the name of a LLP business.
Incorporate LLP: After reserving a name, user has to file eForm 2 for incorporating a new Limited Liability Partnership (LLP).
eForm 2 contains the details of LLP proposed to be incorporated, partners’/ designated partners’ details and consent of the partners/ designated partners to act as partners/ designated partners.
LLP Agreement: Execution of LLP Agreement is mandatory as per Section 23 of the Act. LLP Agreement is required to be filed with the registrar in eForm 3 within 30 days of incorporation of LLP.
Read more on: https://taxguru.in/corporate-law/faqs-limited-liability-partnership-llp.html
© 2018 CA Chandan Agarwal. All rights reserved.