ekm 728x90

Sign In

Browse By

Summary of LLP Second Amendment Rules, 2018

Summary of LLP Second Amendment Rules, 2018

The LLP Second Amendment Rules, 2018 has introduced by the government and we have created a summary to clarify the amendments to understand. Following are the Summary of LLP Second Amendment Rules, 2018:

  • to be effective from October 02, 2018
  • LLP Form 1 which was earlier used for reservation of Name to be replaced with RUN-LLP web-form for the purpose of reserving the name.
  • LLP Form 2 which was earlier used for registration/incorporation of LLP shall be replaced by Form FiLLiP (Form for incorporation of LLP) for incorporating LLP.
  • Reservation of Name for LLP can also be done through Form FiLLiP.
  • Name reservation and Incorporation to be handled by CRC, Manesar, thus making Incorporation of LLP also centralized process henceforth.
  • 2 names can be applied for in Form LLP-RUN.
  • If the person does not have DIN/DPIN then the same can be applied through Form FiLLiP.
  • Form FiLLiP can also be used as the single form for name reservation, DIN application, and LLP incorporation.
  • One resubmission to be allowed in Form LLP-RUN with 15 days time from intimation.
  • Two resubmissions to be allowed in Form FiLLiP.
  • Time for resubmission- 15 days from intimation each time subject to a maximum of 30 days resubmission period.
  • Certificate of Incorporation of LLP to be given by CRC in Form 16.
  • Form 5(Notice for Change of Name of LLP), Form 18 (Application for conversion of Pvt./Unlisted Public company to LLP) and Form 17 (Application for conversion of the firm to LLP) shall be also taken care by CRC, Manesar.
  • Name of LLP need not necessarily to be indicative of its resources and abbreviation now allowed. (Clause (viii) and (xiv) of Rule 18 omitted)
  • The difference from Company Incorporation
    PAN-TAN application not merged and hence to be separately applied for.

CA Vijay Kumar Gupta

Profile photo of CA Vijay Kumar Gupta CA Vijay Kumar Gupta

Discuss Now
Opinions & information presented by ConsultEase Members are their own.

ekm 728x90