Registrar of LLP: 2012

Sunday, 11 March 2012

Company Name Guidelines 2011

Company Name Guidelines

The Ministry of Corporate Affairs (MCA) has revised the Company Name application and approval process and the company name availability in India will be regulated as per the revised 'Name Availability Guidelines 2011'.
As per the Name Availability Guidelines 2011, no company should be registered with an undesirable name.
A name is considered to be undesirable if it is identical with or too nearly resembling with:

Name of a company in existence and names already approved by the Registrar of Companies;
Name of a Limited Liability Partnership (LLP) in existence or names already approved by Registrar of LLP; or
A registered trade-mark or a trade mark for which an application is filed under the Trade Marks Act, 1999

While making a Company name application, the following points should be considered:

Use the search facilities available on the portal of the Ministry of Corporate Affairs (MCA) to check the resemblance of the proposed name(s) with the companies and Limited Liability Partnerships (LLPs) respectively already registered or the names already approved.
The proposed name is not infringing any registered trademarks or a trademark for which an application is filed.
The proposed name is not in violation of the provisions of Emblems and Names (Prevention of Improper Use) Act, 1950 as amended from time to time.
The use of the proposed name(s) should not constitute an offence under any law
The proposed name is should not offensive to any section of people

Company Name Application and Approval process
Selection of Company Name – Important points:
Company Name – General Conditions
Trade Mark Registration and Company / LLP Name
Company / LLP Name, Business Name, Brand and Logo – How does it differ?

Who should register your Domain Name?

LLP Registration

          Limited Liability Partnerships (LLPs) are commercial vehicles which combine features of partnership and company form of business. LLP is an alternative corporate business form that gives the benefits of limited liability of a company and the flexibility of a partnership. The LLP can continue its existence irrespective of changes in partners. It is capable of entering into contracts and holding property in its own name.
          Unlike in partnership, no partner is liable on account of the independent or un-authorized actions of other partners and accordingly individual partners are protected from joint liability created by another partner’s wrongful actions or misconduct.
          Mutual rights and duties of the partners within a LLP are governed by an agreement between the partners or between the partners and the LLP as the case may be. The LLP, however, is not relieved of the liability for its other obligations as a separate entity.

Advantages of LLP

It is based on agreement between partners
Flexibility without imposing detailed legal and procedural requirements
Can continue its existence irrespective of changes in partners
Separate legal entity

Registration Process

Apply for DPIN (Designated Partner Identification Number)
Apply for LLP Name
Filling of registration documents online
Register LLP

For more information, Contact Us

Saturday, 10 March 2012

Limited Liability Partnership - Services

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

CompaniesInn 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

Steps for LLP Registration in India

Steps for LLP Registration in India

STEP 1 – DPIN and DSC

Apply DPIN (Designated Partner Identification Number) for every proposed Designated Partners (Minimum -2). At least one Designated Partner should have a valid Digital Signature.

STEP 2 – Apply for Name

Selection of business name is crucial for the image of an organisation. Select a name which reflects the planned business. Ensure selected name satisfy LLP Name Guidelines and file an online application.

STEP 3. Filing of LLP Registration Documents

After the approval of name LLP registration documents are filed. On scrutiny of documents filed, Registrar of LLP will register the LLP and certificate of Registration will be issued.

STEP 4. Documentation of and filing of LLP agreement and Consent of Designated Partners

With in 30 days from the date of Incorporation of LLP, partners of LLP have to execute the LLP agreement and same has to be filed with Registrar of LLP in Form 3 and the consent to act as Designated Partner/Partner has to be filed in Form 4.

LLP Registration

Limited Liability Partnership (LLP) is an incorporated business organisation. It is a Body Corporate having the features of a Partnership Firm and a Limited Company. The management of LLP is defined by LLP agreement and partners have the freedom to regulate affairs of the LLP. Minimum two persons are required to register a LLP and there is no restriction regarding maximum number of members.

Benefits of LLP

Separate legal entity
Limited Liability to partners
Simple process of Registration
Perpetual existence irrespective of changes in partners
No requirement of audit of accounts until turnover reaches Rs.40 lakhs or Contribution Rs.25 lakhs
Less tax as compared to company
No requirement of minimum capital contribution
No restrictions as to maximum number of partners

Friday, 2 March 2012

Registrar of LLP

Registar of LLP is the registration authority under the LLP Act 2008 for registering the LLP in India.

Registration of LLP in India is handled centrally at the office of Registrar of LLP, Delhi.

Office of the Registrar,
Limited Liability Partnerships
Ministry of Corporate Affairs,
3rd Floor, "Paryavaran Bhawan”
CGO Complex, Lodhi Road,
New Delhi (India)- 110003.

Phone - +91-11-66336666

Email: llpsupport-mca@nic.in
Email of Registrar: santosh.kumar@mca.gov.in