• Minimum 2 Partners

• Minimum 2 Designated Partners

• Atleast 1 of the designated partners shall be an Indian Resident

• If a body corporate is a partner, it has to nominate a natural person as its nominee

• The Partners and Designated Partners can be same person

• There is no concept of share capital, but there has to be some sort of contribution from each partner

• DPIN (Designated Partner Identification Number) for all the Partners

• DSC (Digital Signature Certificate) for all of the Designated Partners

Steps involved in formation of a Limited Liability Partnership (LLP)

Step No.	Steps	Timeframe (Working days)	Processing
1	DSC (Digital Signature certificate)	1	Documents required (Self attested): • Address proof • Identity proof
2	DPIN (Designated Partner Identification Number) Approved DPIN is a pre-requisite for incorporation process	5	• Apply for DPIN and get a provisional DPIN • Certification/Attestation of Director's personal details • Sending the same to the MCA Cell and getting it approved
3	Pre- Name Application Search	--	• The Promoters have to provide atleast 6 (Six) names in the order of priority • To make an online search of availability of names as desired by the Promoters
4	Application for Name Availability • Filing of Form 1 • 6 names for the proposed Company • Main Object Clause	6	• To draft the Main Object to be pursued by the LLP after incorporation
5	Representation before RoC on behalf of Promoters	1	• Changes to be made in the Name application, if any, suggested by the RoC.
6	Documents required for incorporation of an LLP • LLP Agreement • Form 2 (Statement by Promoter) • Form 3 (Information regarding the LLP Agreement) • Form 4 & Form 9 (Notice of Consent & Appointment of Designated Partners with their personal details) • Subscription sheet signed by the promoters • Duly stamped LLP Agreement • Proof of Address of Registered Office	2	• Drafting the LLP Agreement and after getting it vetted by Promoters, sending it for printing • Processing of eForms
7	Final Process: • Filing all the above documents with the ROC, follow up with the ROC Making changes in LLP Agreement/ other Incorporationdocuments as suggested by the ROC	5	• Online uploading of e-Forms • Payment of Registration fees • Issue of Certificate of Incorporation

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