LLP Registration in Tripura

Introduction

A business entity known as an LLP, or limited liability partnership, combines the benefits of a private limited company with the operational flexibility of a partnership firm. If you are unsure of the type of entity that best fits your type of business plan, consulting a legal professional will help and Vakilsearch could be the best option.

The gross state domestic product (GSDP) for 2022–23 is expected to be around 13.28 percent, up from 12.16 percent in the current fiscal year. The major industries contributing to Tripura are Natural gas, Food processing, Rubber, Tea, Bamboo, Handloom and handicrafts.

Documents for LLP Registration in Tripura

Here is a list of all the documents required for LLP registration in Tripura. Please note that if there are any issues with the documents submitted, the process will get delayed. However, the legal experts at Vakilsearch are there to assist you.

• PAN Card of all the partners
• Photograph of all the partners
• ID Proof of all the partners (Driving License/Passport/Voter ID)
• Electricity Bill or any other utility bill for the address proof of the registered office

LLP Name Rules To Keep in Mind

Anywhere you are planning to start an LLP, these are the rules you must follow while naming:

• Usage of language that offends any group of people.
• The suggested names should not be similar to or the same as those of another LLP.
• It uses both Sahakari and the word cooperative.
• It denotes the involvement of the Central or State Government, which is permitted under certain conditions.
• 'British India' appears in the suggested name.
• The suggested name suggests affiliation or connection with any Embassy, Consulate, Municipality, Panchayat, Zila Parishad, or other organisation linked to the Union or Central Government.
• It contains the name of a trademark that is registered, and its lawful owner has not given permission to use it.
• For a period of five years, it is the same as the firm name that is dismissed.
• Without the regulatory authority's approval, it uses terms like a bank, insurance, banking, venture capital, mutual fund, etc.
• The names of any foreign nations are included. If the company can demonstrate any ties to or cooperation with the specific country, it may be listed.
• Without receiving proper clearance from the Council overseeing that profession or any other designated authority, the proposed name is indicative of a profession.

Eligibility Criteria for LLP Registration

Here are the minimum requirements for LLP registration:

• Partners
  As mentioned above, there have to be at least 2 partners to start an LLP.
• LLP Names
  A Limited Liability Partnership (LLP) must have the words "Limited Liability Partnership of the acronym "LLP" at the end of its name. The three components of an LLP name are "The Name," "Activity," and the abbreviation "LLP" for a limited liability partnership. The Registrar of Companies must approve the proposed LLP name.
  An LLP's statutory communications should be sent to its registered office address. In addition, you need a letter of consent from the owner of the address stating that you have no objections to using the address as your LLP's registered office.
• Certificate for Digital Signature (DSC)
  All paperwork is submitted to the Registrar of Companies online. Online document filing that requires the Director's digital signature certificate, obtained from an Indian certifying authority.
• Professional Certificate
  To make the appropriate certifications and declarations for the incorporation of a Limited Liability Partnership, the services of a Company Secretary, Chartered Accountant, and Cost Accountant are required.

Process for LLP Registration in Tripura

Here are the 5 stages we have to follow to register an LLP in Tripura:

• The initial stage in Tripura is to collect digital signatures from each potential partner.
• The next step is to ask the MCA to reserve the name of the LLP.
• We collect and check the incorporation documents, which are then given to the partners for signature. Our company registration professionals will give you the information you need to scan the documents and upload them to the Vakilsearch website.
• Before the signed copies of the paperwork are given to our company, the MCA must approve them.
• Our legal experts confirm and submit the LLP deed, which must be signed by all of the partners, as the last stage in creating an LLP in Tripura

Why Vakilsearch?

Vakilsearch offers the best services from the best legal experts in India to assist you with LLP registration in Tripura. Under the given time frame, we assure you to submit the LLP deed at your convenience. 100% online and hassle-free services, which makes legal services comprehensive for our 500k+ trusted customers! Also, every minute we set up 9 business setups! So, we are India’s largest legal service provider.