A Comprehensive Guide to LLP Registration for Delhi-Gurgaon Ventures

FARIDABAD, India - May 29, 2024 - PRLog -- The Limited Liability Partnership (LLP) structure came in the year 2008, marking a remarkable departure from the traditional partnership model. In contrast to regular partnerships, LLP registration in Gurgaon and Delhi provides unique characteristics, mainly centered around limited liability. Under this framework, partners are answerable only to the extent of their respective contributions.

Documents necessary for registering an LLP in Delhi:

- Passport-sized photographs of all stakeholders
- PAN Cards of all partners involved
- Business address proof for verification
- For rented or leased houses: Rented Agreement, NOC from the owner, and the local government-issued electricity or water bill
- For owned property: Copy of property registry and the recent government-issued electricity or water bill
- Address proof (utility bill, bank statement, or telephone bill dated within the last 2 months)
- Proof of identity for each partner (Driving License, Voter ID Card, or Passport)
- Disclosure of interests in other entities
- Consent letter

Minimum Requirements for Limited Liability Partnership (LLP) Registration:

- At least one Designated Partner must be of Indian origin.
- A least two Designated Partners is required.
- It is necessary for the Designated Partners to have a Director Identification Number (DIN).
- There is no minimum capital requirement.
- One Designated Partner must own a Digital Signature Certificate.
- Contributions to the LLP can be in the form of tangible or intangible property, or other advantages.

FAQs about LLP Registration in Delhi

Q1: Do a foreign national be a partner in an LLP registered in Delhi?
Yes, a foreign national could be a partner in an LLP registered in Delhi. But the condition is that they must comply with the guidelines set by the Foreign Exchange Management Act (FEMA) and procure the necessary approvals.

Q2: Is there any minimum set up for capital requirement for LLP registration in Delhi?
No, there is no minimum capital requirement set up for registering an LLP in Delhi. You can establish an LLP with any amount of capital.

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