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Detail the procedural timeline of LLP incorporation.

Introduction

The incorporation of a Limited Liability Partnership (LLP) in India is governed by the Limited Liability Partnership Act, 2008 and regulated by the Ministry of Corporate Affairs (MCA). An LLP provides a flexible structure with limited liability protection, making it a preferred choice for professionals and entrepreneurs. The incorporation process is streamlined and fully digital, involving several sequential steps that must be completed within a specific timeframe. This article outlines the procedural timeline of LLP incorporation in India, highlighting each key stage from initiation to registration.

Stage 1: Obtaining Digital Signature Certificate (DSC)

The first step in the LLP registration process is obtaining a Digital Signature Certificate (DSC) for all designated partners. Since the entire process is conducted online, DSC is required to digitally sign e-forms. The application for DSC can be made through licensed certifying authorities and is usually issued within 1–3 working days, provided the identity and address proofs are in order.

Stage 2: Name Reservation via RUN-LLP

The next step is reserving the name of the proposed LLP using the Reserve Unique Name (RUN-LLP) service on the MCA portal. Applicants can submit up to two name options, along with the business activity description. The name must comply with MCA naming guidelines. The Registrar usually processes the name reservation application within 2–5 working days. If approved, the name is reserved for 90 days, during which incorporation must be completed.

Stage 3: Preparation of Incorporation Documents

Once the name is approved, the applicants must prepare all required incorporation documents, such as:

  • Address proof of the registered office
  • Identity and address proof of all partners
  • Consent of partners to act as designated partners (Form 9)
  • Subscriber sheet
    This preparatory stage can take 2–4 working days, depending on the availability and accuracy of documents.

Stage 4: Filing Form FiLLiP (Incorporation Form)

The incorporation application is made using Form FiLLiP (Form for incorporation of LLP). This form includes details about the LLP’s name, partners, registered office, and business activities. A maximum of two DPINs (Designated Partner Identification Numbers) can be generated through this form. It must be filed with the ROC using valid DSCs. The processing time for FiLLiP is typically 3–7 working days, subject to document verification and completeness.

Stage 5: Issuance of Certificate of Incorporation (COI)

If the Registrar finds all documents and information in order, they issue a Certificate of Incorporation (COI) with a unique LLPIN (LLP Identification Number). The COI is generally issued within 1–2 working days after approval of Form FiLLiP. This marks the legal birth of the LLP and enables it to commence business activities.

Stage 6: PAN and TAN Application

Immediately after incorporation, the LLP must apply for its Permanent Account Number (PAN) and Tax Deduction and Collection Account Number (TAN). These are essential for opening a bank account and fulfilling tax obligations. The PAN and TAN are typically issued within 5–10 working days after submission through NSDL or UTIITSL.

Stage 7: Filing of LLP Agreement (Form 3)

Within 30 days of incorporation, the LLP must file Form 3 to register its LLP Agreement with the ROC. The agreement outlines the roles, responsibilities, profit-sharing ratio, and operational framework among partners. Drafting and executing the agreement can take 2–5 working days, followed by approval from ROC in 3–7 working days after submission.

Stage 8: Post-Incorporation Compliance

After incorporation and filing the LLP Agreement, the LLP must:

  • Open a current bank account
  • Register for GST, if applicable
  • Apply for professional tax and other local licenses based on business activity
    These tasks are not bound to a single statutory deadline but are typically completed within 15–30 days post-incorporation to enable smooth operations.

Conclusion

The incorporation of an LLP in India generally takes 15 to 25 working days, provided all documents are accurate and approvals are obtained timely. Each stage—starting from obtaining the DSC, reserving the name, filing incorporation forms, and registering the LLP Agreement—must follow a defined timeline to ensure smooth registration. Proper planning, adherence to documentation norms, and timely filings are essential for avoiding delays and ensuring legal compliance. By following this procedural timeline, entrepreneurs and professionals can establish an LLP with efficiency and confidence.

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