{"time":1756823323337,"blocks":[{"id":"YAOsUChbiK","type":"header","data":{"text":"INTRODUCTION","level":2}},{"id":"Wy00YriP1O","type":"paragraph","data":{"text":"When forming an LLP, or a Limited Liability Partnership, one of the most crucial documents partners must draft and execute is the LLP Agreement. This agreement lays down how the partnership will operate—roles, profit-sharing, governance, resolution of disputes, and much more. Although you might think such paperwork is just a formality, it’s far more: a reliable legal umbrella protecting partners and safeguarding interests. And with recent updates in 2025—like digital signing, e-stamping, and beneficial ownership disclosures—the landscape is evolving fast. Let’s embark on this deep dive."}},{"id":"kJOP9iLqHJ","type":"header","data":{"text":"WHY SUCH REGISTRATION IS REQUIRED?","level":2}},{"id":"xYA_ngyb6y","type":"paragraph","data":{"text":"An LLP Agreement serves as the constitutional document for your LLP; without it, the operations become murky, enforcement tricky, and disputes inevitable."}},{"id":"T4DryGDWg3","type":"list","data":{"style":"unordered","meta":{},"items":[{"content":"The Limited Liability Partnership Act, 2008 envisions the LLP agreement as it defining the mutual rights, roles, and responsibilities of partners. Without it, default provisions under the Act apply—often impractical for real-world operations.","meta":{},"items":[]},{"content":"Filing the agreement with the Registrar of Companies (RoC) via Form 3 is mandatory within 30 days of its execution—or penalties of ₹100/day apply, with no cap.","meta":{},"items":[]},{"content":"Thanks to the 2025 updates, the procedure now allows e-stamping and digital signatures, ensuring a fully online process—faster, greener, and more efficient.","meta":{},"items":[]}]}},{"id":"qWqfwOLbJG","type":"image","data":{"caption":"Why Such Registration is Required ?","withBorder":false,"withBackground":false,"stretched":false,"file":{"url":"https://res.cloudinary.com/dmd2a1z29/image/upload/v1756823293/ilbkjkbjbgcekjugtgg8.jpg"}}},{"id":"Z1qCNBpV3x","type":"header","data":{"text":"WHO ISSUES SUCH REGISTRATION CERTIFICATE?","level":2}},{"id":"S_m7vMqL_q","type":"paragraph","data":{"text":"Well, there's no “issuing authority” like a REGISTRATION board—but in legal-speak:"}},{"id":"TRjPHbwg8J","type":"list","data":{"style":"unordered","meta":{},"items":[{"content":"The MCA (Ministry of Corporate Affairs) oversees the filing of the LLP agreement. Once you incorporate an LLP and submit Form 3 (with the agreement attached and fees paid), the Registrar of Companies handles its formal acceptance.","meta":{},"items":[]},{"content":"Recent 2025 enhancements mean: MCA now supports digital filing, faster name approval (via upgraded RUN-LLP), Aadhaar/PAN e-KYC, and real-time compliance monitoring through AI-driven system.","meta":{},"items":[]}]}},{"id":"xBDzVVAZl5","type":"header","data":{"text":"ELIGIBILITY AND DOCUMENTS REQUIRED FOR SUCH REGISTRTION","level":3}},{"id":"t68g60d912","type":"paragraph","data":{"text":"Eligibility: basic and universal—any LLP partner group setting up an LLP must have an agreement. For amendments, all partners must consent."}},{"id":"nI_mEo8UGG","type":"paragraph","data":{"text":"Documents generally include:"}},{"id":"_f1XtpovUk","type":"list","data":{"style":"ordered","meta":{},"items":[{"content":"The signed LLP Agreement (printed on non-judicial stamp paper or e-stamped).","meta":{},"items":[]},{"content":"Digital Signatures (DSC) of designated partners.","meta":{},"items":[]},{"content":"Resolution of partners approving the agreement or amendments.","meta":{},"items":[]},{"content":"PAN, Aadhaar, DIN (if applicable) of partners for e-KYC.","meta":{},"items":[]},{"content":"Proof of capital contributions (especially relevant for stamp duty computation).","meta":{},"items":[]},{"content":"E-stamp certificate or physical stamp paper evidence.","meta":{},"items":[]},{"content":"Signed Form 3 (and Form 4/5/15 if applicable for changes in partners, name, office).","meta":{},"items":[]}]}},{"id":"uEL9NNNQyU","type":"header","data":{"text":" STEP-BY-STEP SUCH REGISTRATION CERTIFICATE PROCESS","level":2}},{"id":"PvNWfW242U","type":"paragraph","data":{"text":"Here's a simplified yet robust walkthrough:"}},{"id":"cyejtR-YIT","type":"list","data":{"style":"ordered","meta":{},"items":[{"content":"Draft/Review LLP Agreement: Define roles, capital, profit-sharing, governance, dispute resolution, admission/removal of partners, etc.","meta":{},"items":[]},{"content":"Get Partners’ Consent & Resolution: Conduct a partners’ meeting, pass resolution for execution or amendment.","meta":{},"items":[]},{"content":"Apply Stamp Duty: Determine amount based on state and capital. E.g., in Delhi: 1% of capital (max ₹5,000); Maharashtra: 1% (min ₹500, max ₹15,000); others vary.","meta":{},"items":[]}]}},{"id":"ynjP48XM2j","type":"list","data":{"style":"unordered","meta":{},"items":[{"content":"Use e-stamping (via SHCIL, etc.) or buy physical stamp paper.","meta":{},"items":[]}]}},{"id":"ysEC0RN9wc","type":"paragraph","data":{"text":"4. Execute the Agreement"}},{"id":"mwo5rqIK67","type":"list","data":{"style":"unordered","meta":{},"items":[{"content":"Print on stamp paper (or e-stamp), sign by all partners, notarize if needed.","meta":{},"items":[]}]}},{"id":"iJ1r4zxZYN","type":"paragraph","data":{"text":"5. File with MCA"}},{"id":"ZYjc-ZMOEj","type":"list","data":{"style":"unordered","meta":{},"items":[{"content":"Submit Form 3 (LLP agreement) within 30 days of signing.","meta":{},"items":[]},{"content":"For partner changes: file Form 4.","meta":{},"items":[]},{"content":"For office changes: Form 15.","meta":{},"items":[]},{"content":"For name change: Form 5 (via RUN-LLP).","meta":{},"items":[]}]}},{"id":"e4n07Baour","type":"paragraph","data":{"text":"6. Pay Fees & Penalties (if any)"}},{"id":"VM5wXAWpa9","type":"list","data":{"style":"unordered","meta":{},"items":[{"content":"Government fees: ₹50–₹200 for form filing, plus stamp duty, DSC charges, professional fees.","meta":{},"items":[]},{"content":"Late filing: ₹100 per day penalty without cap.","meta":{},"items":[]}]}},{"id":"E2nFV7vsx-","type":"paragraph","data":{"text":"7. Record Update & Notification: Post-MCA approval, update LLP registers, notify banks, vendors, tax authorities."}},{"id":"ItCjZT5cjR","type":"header","data":{"text":"PENALTY FOR OPERATING WITHOUT SUCH REGISTRATION CERTIFICATE","level":3}},{"id":"2iF7VQizm2","type":"paragraph","data":{"text":"Running an LLP without the formal LLP Agreement or failing to file it properly brings serious consequences:"}},{"id":"GPCU4pAN63","type":"list","data":{"style":"unordered","meta":{},"items":[{"content":"₹100/day penalty until compliance—no cap.","meta":{},"items":[]},{"content":"Defaults can result in disqualification of designated partners, strike-off proceedings under Section 75, or hefty fines up to ₹5,000 per day under Section 74.","meta":{},"items":[]},{"content":"Agreements not properly stamped risk being unenforceable in court, compromising dispute resolution and operational clarity.","meta":{},"items":[]}]}},{"id":"KiH8QwYV_H","type":"header","data":{"text":"HOW LAWFINITY SIMPLIFIES LLP REGISTRATION PROCEDURE?","level":2}},{"id":"gYhd6wFGCc","type":"paragraph","data":{"text":"At Lawfinity, we understand the stress of compliance and paperwork. Here’s how we help:"}},{"id":"MyYGKzj59J","type":"list","data":{"style":"unordered","meta":{},"items":[{"content":"End-to-End Digital Support: We assist in drafting flexible, watertight LLP Agreements, with digital execution and e-stamping.","meta":{},"items":[]},{"content":"State-wise Stamp Duty Advisory: We calculate the correct amount per state (e.g., Delhi, Maharashtra, UP, etc.), ensuring accuracy and avoiding overpayment.","meta":{},"items":[]},{"content":"MCA Filing Assistance: End-to-end management of Forms 3/4/5/15 filing via V3 portal, including DSC and e-KYC facilitation.","meta":{},"items":[]},{"content":"Compliance Alerts: We monitor deadlines and notify partners to avoid penalties.","meta":{},"items":[]},{"content":"Post-Filing Guidance: We help update internal records, notify banks, GST, PAN/TAN, etc.","meta":{},"items":[]},{"content":"Transparent Pricing: Clear breakdown of government charges, stamp duty, professional fees—no surprises.","meta":{},"items":[]}]}},{"id":"cfBzsVtMis","type":"header","data":{"text":"MUSINGS FROM THE AUTHOR’S INK","level":3}},{"id":"SZrZkQD_LG","type":"paragraph","data":{"text":"Phew, that was a long ride—but worth every word, right? Personally, I feel an LLP Agreement is a bit like that unglamorous but super essential ingredient in grandma’s secret recipe—often overlooked, but without it, the whole dish just falls apart. And with the 2025 digitalization push (e-stamping, Aadhaar e-KYC, AI compliance checks), even that old horror of stamping rates or chasing partners for signatures is slowly fading. Still, human errors creep in—you know, typos in forms, forgetting a resolution signature, mismatched capital entries. That’s where Lawfinity steps in, like that thoughtful friend who reminds you of your dentist appointment."}},{"id":"e3XalMlV18","type":"paragraph","data":{"text":"Also, stamping still remains state-specific, which is quirky in a country so digital—shouldn't India standardize this yet? Maybe someday. Until then, know \"LLP Agreement\" inside-out, get it stamped right, file it on time, and stay protected."}}],"version":"2.31.0-rc.7"}