Legal Permission Yes, a person can legally be a partner in more than one LLP in India The Limited Liability Partnership Act, 2008, does not restrict multiple partnerships There is no cap on the number of LLPs an individual can be associated with This applies to both...
Documents for Partners A PAN card is required for all Indian partners as identity proof.f A passport is mandatory for foreign nationals acting as partners. Address proof such as an Aadhaar card, voter ID, driving license, or utility bill Recent passport-size...
Overall Timeframe The complete LLP registration process usually takes 10 to 15 working days. Duration may vary depending on document accuracy and government processing speed. Timely responses to queries from the Registrar help avoid delays. Processing time is faster...
Partner Identification Ensure a minimum of two partners, with at least one being a resident of India.a Each partner must obtain a Designated Partner Identification Number (DPIN) A valid Digital Signature Certificate (DSC) is required for filing.g Partners must be...
Mandatory Requirement Yes, a Digital Signature Certificate (DSC) is mandatory for LLP registration in India.a It is required for signing electronic forms submitted on the MCA (Ministry of Corporate Affairs) portal. At least one designated partner must have a valid DSC...
FDI Permission in LLPs Yes, Foreign Direct Investment (FDI) is permitted in LLPs in India FDI is allowed under the automatic route in sectors where 100% FDI is permitted without government approval The LLP must operate in sectors that do not have any FDI-linked...
Understanding DPIN DPIN stands for Designated Partner Identification Number It is a unique number issued to individuals intending to become designated partners in an LLP. It is mandatory for compliance with the Limited Liability Partnership Act, 2008 A person cannot...
Legal Eligibility Yes, foreign nationals are allowed to be partners in a Limited Liability Partnership (LLP) in India. Both individuals and foreign bodies can participate in LLPs There are no restrictions under the LLP Act, 2008, on nationality or residency for a...
Limited Liability Protection Each partner’s liability is limited to their agreed capital contribution. Partners are not personally liable for the debts or losses of the LLP. Personal assets of partners are protected from business liabilities.s Liability remains...
Legal Structure An LLP is governed by the Limited Liability Partnership Act, 2008 A Private Limited Company is governed by the Companies Act, 2013 LLP is a partnership with corporate features, while a Private Limited Company is a corporate entity LLPs are more...