Setting UP LLC in India

Limited Liability Companies (LLC) are available are a preferred form of business establishments by many industries. An LLC allows the investors to be held accountable to a company’s debts only to the extent of their contribution to the company.

In India an LLC can be registered as an LLP (Limited Liability Partnership). The same would be governed by the Limited Liability Partnership Act 2008 and the Companies Act 1956 and 2013.

Setting up an LLP in India

As Governed by the Companies Act, 2013, one needs to

  • Propose an available name- can propose upto 6 names, in order of preference with the details of a minimum of two promotors and directors. Once the name is approved by the Ministry of Corporate Affairs, you can register and obtain an LLP incorporation certificate.
  • Directors and Subscribers with a minimum of 2 directors.
  • Directors should obtain a Director Identification Number (DIN).
  • Have Digital Signature Certificate to sign documents to be sent to the Company Registrar, Tax Authorities etc.
  • Draft a Memorandum of Association and Article of Association.
  • Have a registered Office.
  • After submission of required documents get acceptance and a certificate of incorporation.
  • After Incorporation, shoulder and follow all statutory obligations and necessary compliances.
Setting UP LLC in India

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