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Our product range comtains a wide range of LLP Formation Services, Partnership Firm Registration Services, LLP Registration Services, LLP Online Registration Services and Online Ngo Registration Services
Stage I – Partners To form a LLP, there Minimum two partners and at least two shall be designated partners having DIPN. In case of body corporate as partners, their nominee can be act as designated partners. Out of two designated partners, one must be resident in India. (Who has stayed in India for a period of not less than one hundred and eighty two days during the immediately preceding financial year) Stage II – Obtaining DPIN & Digital Signature DPIN can be obtained by making an application online with www.llp.gov.in After submitting the online application, signed physical copy of Form 7 has to be submitted to Ministry of Corporate Affairs along with certified copies of address proof and Identity proof of the applicant. Digital Signature can be obtained from any of the Certifying Authorities in India. Stage III – Name filing After finalization of name, an application of name availability has to be filed in form 1 with www.llp.gov.in for approval. Please note that selection of name is subject to Guidelines issued by MCA. Stage IV – Agreement LLP agreement has to be drafted line with LLP Act. It is not mandatory to file LLP agreement at the time of registration and same can be file with in 30 days. If no agreement is framed, provisions of Schedule I of the LLP Act shall be applicable. Stage V – Filing of Incorporation Documents The following documents along with required attachments has to be filed Above said documents are required to be filed after signing digitally. After verification, registrar will register all documents and issue Certificate of Incorporation.
What is a General Partnership? A General Partnership is a business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in the Partnership Deed. This structure is thought to have lost its relevance since the introduction of the Limited Liability Partnership (LLP) because its partners have unlimited liability, which means they are personally liable for the debts of the business. However, low costs, ease of setting up and minimal compliance requirements make it a sensible option for some, such as home businesses that are unlikely to take on any debt. Registration is optional for General Partnerships. Essential Facts on Partnership What is a partnership firm? A partnership firm is a business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Deed that may or may not be registered. In such a business, the members are individually partners and share the liabilities as well as profits of the firm in a predetermined ratio. Why should I set up a partnership firm? A partnership firm is best for small businesses that plan to remain small. Low costs, ease of setting up and minimal compliance requirements make it a sensible option for such businesses. Registration is optional for General Partnerships. It is governed by Section 4 of the Partnership Act, 1932. For larger businesses, it has lost its relevance with the introduction of the Limited Liability Partnership (LLP).. This is because an LLP retains the low costs of a partnership while providing the benefit of unlimited liability, which means that partners are not personally liable for the debts of the business. Is a partnership firm a separate entity? The partners in a partnership firm are the owners, and thus, are not a separate entity from the firm. Any legal issues or debt incurred by the firm is the responsibility of its owners, the partners. How many partners can there be? A partnership must have at least two partners. A partnership firm in the banking business can have up to 10 partners, while those engaged in any other business can have 20 partners. These partners can divide profits and losses equally or unequally. Is partnership firm registration necessary? No, partnership registration is not necessary. However, it is advisable for you to have a partnership firm registration online. Also, remember that for a partner to sue another partner or the firm itself, the partnership should be registered. Moreover, for the partnership to bring any suit to court, the firm should be registered. For this reason, it is recommended that larger businesses register the partnership deed. What are the main aspects of a partnership deed? The deed should contain names of the partners and their addresses, the partnership name, the date of commencement of operation of the firm, any capital invested by each partner, the type of partnership and profit-sharing matrix, rules and regulations to be followed for intake of partners or removal. Documents Required for Partnership Registration Form No. 1 (Application for registration under Partnership Act) Original copy of Partnership Deed, signed by all partners Affidavit declaring intention to become partner Rental or lease agreement of the property/campus on which the business is set Benefits of a Partnership Minimum Compliance For General Partnerships, there is no need for an auditor to be appointed or, if the company is still in the process of registration or incase unregistered, annual accounts filing with the registrar is not necessary either. When compared to LLP, annual compliances are also fewer. Further, taxes depending on turnover, service and sales tax also need not be filed in General Partnerships. Simple To Begin General Partnerships can begin simply with an unregistered deed of the partnership within 2-4 business days. However, having registration for the same has its own perks and advantages. The primary advantage for having a registered firm is that it will allow you to book lawsuits in courtrooms opposing another business or the business associates in the firm for the administration of rights addressed in the Partnership Act. Comparatively Economical In comparison to LLP, a General Partnership is much cheaper to begin. Even in the longer run, it will still work out inexpensive as the compliance requirements are very minimal. For example, there is no need for an auditor. Therefore, Home businesses still opt for this, although it offers unlimited liability.
Pre-requisites for registering a LLP- Minimum 2 Partners (Individual or body corporate) Minimum 2 Designated Partners who are individuals and at least one of them should be resident in India. Digital Signature Certificate LLP Name LLP Agreement Registered Office Pre-requisites for registering a LLP An LLP should have minimum 2 partners. In case any Body Corporate is a partner, then it will be required to nominate any person (natural) as its nominee for the purpose of the LLP. Partner of LLP can be consisted of Companies incorporated in and outside India LLP incorporated in and outside India Individuals Resident in and outside India Partners of LLP Every LLP should have minimum 2 designated partners who are individuals and at least one of them should be resident in India. A person or nominee of a body corporate, intending to be appointed as who is appointed as designated partner of LLP should hold a Designated Partner Identification Number (DPIN) allotted by the Ministry of Corporate Affairs. DPIN can be obtained by submitting application along with address proof and identity proof of the individuals. Digital Signature Certificate All forms for registration of LLP shall be filed online after signing digitally and for this purpose, one of the designated partners shall take digital signature certificate. LLP Name Selection of business name is crucial for the image of your venture. You select a name which reflects the business you plan. Ensure selected name satisfy LLP Name Guidelines of Ministry of Corporate Affairs. LLP Agreement Like partnership, partners of LLP can frame agreement for defining their terms, profit sharing ratio etc. The basic contents of Agreement are, Name of LLP, Name of Partners and Designated Partners, and Form of contribution, Profit Sharing ratio and Rights and Duties of Partners. In case no agreement is entered into, the rights & duties as prescribed under Schedule I to the LLP Act shall be applicable. It is possible to amend the LLP Agreement but every change made in the said agreement must be intimated to the Registrar of Companies. Registered Office The Registered office of the LLP is the place where all correspondence related with the LLP would take place, though the LLP can also prescribe any other for the same. A registered office is required for following purposes. At the time of incorporation, it is necessary to submit proof of ownership or right to use the office as its registered office with the Registrar of Companies.
CompaniesInn, the first LLP online registration portal offers following LLP Services. Name Reservation Service LLP Act 2008 provides special provisions for the Intellectual Property for Foreign Companies/LLP. Foreign Companies/LLP interested in establishing LLP in India can reserve its existing name by which it is registered in the country of its regulation or incorporation for forming an LLP in future on payment of fees of INR 10, 000. No LLP will be formed with the reserved name during the course of reservation. The reservation is for a period of three years and can be renewed on fresh application with fees of INR.5, 000. LLP Agreement Drafting Service LLP is governed by LLP Act, 2008 and the LLP agreement. Our experienced team of legal professionals can help you to draft LLp Agreement taking into account of requirements and applicable law. A well drafted agreement will help smooth running of your LLP. Annual Filing Services Under LLP act, it is mandatory to file accounts and annual return with Registrar of LLP. CompaniesInn can help you in filing returns in time and thus avoid penalty. Induction of New Partners and changes thereof In terms of LLP law, induction of partners and changes there of has to be intimated to Registrar by filing specified returns. Our LLP law experts can assist you in inducting new partners and effect the changes in partners. Other LLP Services Companies offers following LLP Services as well. Conversion of Firms / Companies to LLP Conversion of LLP to Company (under Part IX of the Companies Act, 1956 Compromise, Arrangement or Reconstruction of Limited Liability Partnerships
How to Register an NGO Online An NGO is basically a not for profit earning entity which strives to work towards the betterment of the underprivileged sections of Society. Online NGO registration could have a wide range of interests for the betterment of society. This could include Environmental reasons, human & animal rights, improving fitness, and the welfare of children, development work and will even include raising recognition about sports of social importance. So there could be any sight for an online NGO registration which could bring your idea to reality. There are various means and sources through which a non-profit organization raises funds which could be a voluntary donation, donations to gain relaxation in income tax and it could be foreign contributions. There are 3 most popular ways for online NGO registration in India: Section 8 Company Society Trust Documents required for online NGO registration Application Letter from the founders/trustee stating the purpose of NGO Registration in India Memorandum of association/ Articles of association [MOA/AOA] Name, Address & complete details of the members Address proof [if rented, then NOC from landlord] Donation receipts [if any received in the past] Affidavit signed by the president of the NGO Duly signed declaration by the president Methods for ngo registration in india NGO registration in India can be done with three different statutory laws in place. Companies act, 2013 Section (8) of the companies act, 2013 specifically deals with those companies which deal with the charitable objects even without adding the word "limited" or "private limited" as a suffix in the registered name of the company. There are certain features which differentiate if a company is registered under section (8) of the activities viz. The satisfaction of the central government is important to register your company under this act, ultimate registrant entity will be subject to all the conditions of a limited company, the central government can revoke the license (if it deems fit), only those company which are registered under this act can be amalgamated together further in case of not fulfilling the requirements specified under this act will attract a penalty of a maximum of 1 Crore and jail up to 3 years. Online ngo registration as “section (8) company” Apply for Digital signature certificate (DSC) for proposed directors under section (8) of company registration. Form DIR-3 should be filed with the registrar of companies (ROC). Get your Director Identification number (DIN) Form INC-1: Apply for the name of the Trust/company/society. MOA/AOA of the proposed Non-Governmental Organization registration Apply for license/company incorporation certificate Online NGO registration is complete; your section (8) company is ready to operate. Indian trust act, 1882 One of the most opted out ways is to form a trust under the Indian trust act, 1882 (amended 2019). The name trust itself justifies the characteristics of the entity viz. its reliability, belief, truthfulness. These are the qualities that a Non-governmental organization (NGO) must possess. Trust is a legally mandated entity created with the aid of the “trustor” who transfers the belongings to the “trustee” for the advantage of “beneficiary”. Trusts are formed to uplift the depressed sections of society. Online ngo registration as “trust” Choose an appropriate name for your trust. Finalize the trustee for the proposed entity. Prepare an MOA/AOA and rules for the functioning of the trust. Prepare the clauses of the trust deed. Trust deed must be prepared in consultation with legal experts. Trust deed must be registered with the local registrar as per the Indian trust act, 1882 Submit the Trust Deed, along with properly attested photocopies with the local registrar. Once all the documents submitted and verified, final online NGO registration will take a week’s time for approval. Societies regulation act, 1860 A society is an affiliation of numerous people combined the usage of a mutual accord to deliberate, govern and act cooperatively for some communal cause. Societies are commonly registered for the development of charitable activities like sports, music, culture, religion, art, education, etc. Society Registration is regulated under the Society Registration Act, 1860 which lays down certain methods for the sake of society registration & operation. This act was implemented with the aim of augmenting the legal prerequisites of society registration for the advancement of literature, first-rate arts, technology or distribution of recognition for bountiful purposes. The society registration act, 1860 has been prevalent by numerous state governments without or within additional amendments. Online ngo registration as “society” Choose an appropriate name for your trust. Prepare an MOA/AOA and rules for the functioning of the trust. Other documents required are: Cover Letter requesting NGO registration Certified Copy of Duly Passed Resolution for Non-Governmental Organisation Registration Minutes of the Meeting. Declaration by the President of the Society. ID proof as Address Proof of members To get the final approval, you must submit the MOA/AOA with the concerned registrar of societies in your state.
|FORM NO.||PURPOSE OF THE FORM|
|INC 1||Name Approval|
|INC 7||Application for Incorporation of Company|
|INC 9||An affidavit from each director and subscriber|
|INC 12||Application for License|
|INC 13||Memorandum of Association|
|INC 14||Declaration from a practicing Chartered Accountant|
|INC 16||Section 8 company license|
|INC 22||The situation of Registered Office|
|DIR 2||Consent of Directors|
|DIR 3||Application to ROC to get DIN|
|DIR 12||Appointment of Directors|