Foreign Direct Investment in LLP is allowed only if it is under the scheme of RBI. Any
form of foreign investment in an LLP, direct or indirect (regardless of nature of
'ownership' or 'control' of an Indian Company) shall require Government/FIPB approval.
The basic premise behind the introduction of Limited Liability Partnership (LLP) is
to provide a form of business organization that is simple to maintain while at the same
time providing limited liability to the owners. A Limited Liability Partnership combines
the advantages of both the Company and Partnership into a single form of organization
and one partner is not responsible or liable for another partner's misconduct or
negligence.
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Separate Legal Existence
Limited Liability
Flexibility of Ownership
Separation of Ownership and Management
Tax Planning
Perpetual Succession
Easy Transferability
Borrowing Power
Minimum 2 Designated Partners
Minimum 2 Partners
At least 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 Designed Partner and Partner can be same
DPIN (Designated Partner Identification Number for all Designed Partners)
DSC (Digital Signature Certificate for all Designated Partners)
There is no requirement of Minimum Contribution.
It is an unique Identification Number allotted to an individual who is an existing
director of a company or intends to be appointed as director of a company pursuant to
section 153 & 154 of the Companies Act, 2013.
Every individual, intending to be appointed as a director of the company, can file
an application for allotment of DIN.
Central Government (Office of Regional Director (Northern Region), Ministry of
Corporate Affairs) will allot the DIN.
Digital Signature Certificates (DSC) are the digital equivalent (that is electronic
format) of physical or paper certificates. Digital certificate can be presented
electronically to prove your identity, to access information or services on the Internet
or to sign certain documents digitally.
Physical documents are signed manually, similarly, electronic documents, for example
e-forms are required to be signed digitally using a Digital Signature Certificate.