Restricted Liability Partnership (LLP) is a moderately new business element introduced in India through the LLP Act, 2008. LLPs are generally well known among small organizations, and with the recent relaxation of FDI guidelines identifying with LLPs, the enthusiasm to enroll a LLP amongst NRIs and foreign nationals has likewise expanded.
1. Indian National: Partner in LLP
- PAN Card—The LLP registration process will require a copy of the proposed Partners.
- Address Proof- Passport, Election Card or Voter Identity Card, Ration Card, Driving License, Electricity Bill, Telephone Bill, Aadhaar Card.
- Residential Proof- Residential proof is used to validate the current address of the Partner. These are the following documents-
- Bank Statement,
- Electricity Bill,
- Telephone Bill,
- Mobile Bill.
2. Foreign National: Partner in LLP
- Passport
- Address Proof- These are the documents that can be used as address proof:
- Driving License,
- Residence Card,
- Bank Statement,
- Government issued form of identity containing address.
- Residential Proof—In addition to the address proof, a residential proof must be submitted during the LLP registration process to validate the partner’s current address.
- Bank Statement,
- Electricity Bill,
- Telephone Bill,
- Mobile Bill
- Registered Office Proof: In addition to providing the Partners’ identity, address, and residential address, proof must be provided to validate the LLP’s registered office address.
- Subscriber Sheet: Once name approval is obtained from the Ministry of Corporate Affairs, the incorporation documents must be prepared and filed with the ROC. One of the main documents to be submitted for incorporation along with the registered office address proof and landlord NOC is the LLP subscriber sheet. The LLP subscriber sheet must be witnessed by a Professional like a Lawyer, Chartered Accountant, Company Secretary, or Cost Accountant.
