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Hello Auditor

What are the common mistakes during LLP registration?

Incorrect or Incomplete Documentation

  • Submitting mismatched or expired identity/address proofs of partners
  • Failure to attach mandatory documents like consent letters or partner photographs
  • Not properly executing the LLP Agreement on appropriate stamp paper
  • Uploading blurred, unsigned, or incorrectly scanned documents
  • Missing details such as the designation of partners or contributions in the forms

Errors in Name Reservation

  • Choosing names that are too similar to existing LLPs or companies
  • Using restricted or prohibited words without proper approval
  • Failing to provide a valid business justification for the proposed name
  • Ignoring MCA naming guidelines leads to name rejection or delays
  • Submitting names without checking trademark conflicts

Inconsistent Partner Information

  • Providing inconsistent partner details across Form FiLLiP, PAN, and Aadhaar
  • Not verifying the residency status or foreign partner documentation
  • Not obtaining Digital Signature Certificates (DSCs) before submission
  • Incorrect DPIN or lack of consent from designated partners
  • Discrepancies in capital contribution or profit-sharing ratios in the filings

Filing and Technical Issues

  • Using outdated forms or incorrect form versions from the MCA portal
  • Not validating the forms before uploading, leading to technical rejections
  • Errors in uploading documents in the wrong file formats or exceeding size limits
  • Failing to digitally sign the forms with proper DSC authentication
  • Delays in filing due to portal downtime or incorrect payment processing

Non-Compliance with Timelines

  • Not filing the LLP Agreement (Form 3) within 30 days of incorporation
  • Ignoring email alerts or notices from the Registrar of Companies (RoC)
  • Missing deadlines leads to penalties and delayed activation of the LLP
  • Delays in responding to resubmission or rejection queries
  • Proceeding without professional guidance, especially for complex cases

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