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Limited Liability Partnership in Kolkata is a separate legal entity which has the benefits of “Limited Liability”. It is governed and registered under the Limited Liability Partnership Act, 2008 (notified on 31st March 2008) and the rules made there under. Small and Medium Enterprises (SMEs) can also function as LLP. LLP is suitable for service sector especially for the professionals like Company Secretaries Chartered Accountants, Lawyers, Cost Accountants, etc.
The whole idea of a Limited Liability Partnership in Kolkata is very common. This specific partnership pinpoints the fact that partners in a partnership may have limited liabilities. Importantly, under LLP one partner is not responsible or liable for another partner's misconduct or in any negligence. One can definitely say the idea of LLP is similar to that of stakeholders in a corporation. Interestingly, LLP is different from the idea of limited partnership. No doubt, LLP is a much-advanced concept in the domain of business and considered to be a far better aspect that limited partnership.
Limited Liability Partnership is a newly introduced concept for medium and small sized businesses. It provides many of the benefits of a Private Limited Company. There is a low registration fee and easy to maintain LLP. Its procedure of formation is very much similar to the procedure of a Private Limited Company. Registration is what vests such personality upon the legal entity. It is done by the registrar of the Company.
Follow the steps in order to register a Limited Liability Partnership in Kolkata:
You can reach Company Vakil for for LLP registration in India, we will handle the entire process for you while you read some interesting fact about the city
Interesting fact about how Kolkata might have got its name According to the Hindu mythology, there are 51 Shakti Peethas of Goddess Sati (or Shakti) which were created when Sati’s corpse was cut into numerous pieces by Vishnu and these pieces spread throughout the subcontinent in the form of temples of the Goddess. Kolkata is one of those auspicious places for Durga’s devotees, where the holiest of holy temple, the Kaligaht temple is situated. Devi Kalika or Kali in this temple is one of the Shakti Peethas. It is believed that Sati’s right toe fell here. The Kalbhairav here is known as Nakulesh. It is also said that the name of the city Kolkata is derived from this Kalighat Temple.
The following are the requirements for LLP registration in Kolkata:
In order to register an LLP in Kolkata, the following documents required are:
The PAN Card of the Partners and the Address Proof the Partners is required to start the LLP formation procedure. The documents pertaining to the Registered Office of the LLP can be submitted after obtaining name approval for the LLP from the Registrar of Companies.
No, commercial office space is not required. You can show your own residential or rented home address as the registered office address of LLP. This office address can be changed at any time after the incorporation of LLP. Once your start-up is set up, stable and ready to move on to a nice corporate space you can change the registered office address by informing to the ROC office.
Government officials with whom companies get incorporated are called as ROC. Except for Maharashtra and Tamil Nadu, Every State has one ROC office. These two states have two ROC offices.
No, once LLP is formed it is valid till it is officially closed down.
Director Identification Number (DIN) is a unique identification number required for a person to become Partner of LLP. DIN is issued by ROC office (Ministry of Corporate Affairs). It is similar to a PAN Card number. DIN is to be mentioned in documents while appointing a person as a Partner of an LLP.
A digital signature is an electronic signature, which is in the form of codes. It is used for signing the electronic forms, filed with ROC for the formation of LLP. Digital Signature cannot be used in physical documents.
LLP Agreement is bylaws or rules based on which important matters like the main business of the LLP, capital or meetings is decided. It is a standard legal document prepared during registration of LLP by Company Secretaries.
Yes, the office address can be changed after the incorporation.
Yes, any existing company can be converted into LLP.
No. these words cannot be used to end the name of an LLP.
Yes, it is mandatory.